EUR/CHF: Deprecation pressure on the Franc is likely to be limited

📆 9/22/2023 10:23 AM
📰 FXStreetNews

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The Swiss National Bank surprised the market by refraining from raising interest rates further. As a result, the Franc depreciated. Economists at Comm

Contrary to what the majority of economists had expected, SNB did not hike its key rate but kept it on hold at 1.75%.

As this is a hawkish pause the deprecation pressure on the Franc is likely to be limited. In particular as more significant depreciation might cause the SNB to intervene again. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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