Swiss Franc Surges as SNB Pauses Rate Cuts, Cites Persistent Service Inflation
The Swiss National Bank unexpectedly held rates at 1.25%, halting its easing cycle. USD/CHF plunged to 0.8620 as markets repriced expectations. The franc's strength is hammering Swiss exporters but attracting safe-haven flows.
The Swiss National Bank unexpectedly held rates at 1.25%, halting its easing cycle. USD/CHF plunged to 0.8620 as markets repriced expectations. The franc's strength is hammering Swiss exporters but attracting safe-haven flows.
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