Business activity measures remained weak in June, while the inflation gauges are steadily heading in the right direction. Key results (seasonally adjusted): General business confidence: -35.4 (Previous: -24.9) Trading activity, past three months: -27.8 (Previous: -24.2) Trading activity, next three months: -10.4 (Previous: -12.3) % reporting a rise in operating costs over the past 3 […]
USDCHF jumped around 0.7% on Thursday after the SNB delivered another 25 basis points rate cut, lowering interest rate from 1.5% to 1.25%. The central bank argued its decision by the fact that inflation continues to fall, and economic growth picks up. Fresh strength is improving the picture on daily chart on initial signal of […]
The post USD/CHF Outlook: SNB’s 0.25% Rate Cut Deflates Swiss Franc appeared first on Action Forex.
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