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CHF Ignores SNB Monetary Policy Assessment

25.06.2010, 12:07:48 PM

by Anonymous

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The Swiss Franc is ignoring another report from the Swiss National Bank suggesting that deflation is over in Switzerland. According to the SNB’s monetary policy assessment deflation risks have all but disappeared, but there are downside risks stemming from fiscal problems in other nations. Given that the comments have been reiterated several times in recent days, EUR/CHF is ignoring the news, last trading lower by 48 pips at 1.3547. So far today, the pair has traded between 1.3508 and 1.360.

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