- A Swiss newspaper reported yesterday that SNB sources said the board want the EUR/CHF at least at 1.10
- He further said that the SNB might cut deposit rates to -1.5 % (currently at -0.75 %) if the CHF would strengthen further
- EUR/CHF is trading near 1.07 currently; while the rapid rally in USD/CHF has helped to dampen the CHF strength somewhat, the EUR weakness remains a big problem for the SNB
The post EUR/CHF – SNB might cut rates further appeared first on www.forextell.com.