USD/CHF Surges Towards 0.8850 Following SNB’s Policy Stance
The USD/CHF pair has shown significant gains, trading around the 0.8840 level as market moves into Friday. This momentum follows the Swiss National Bank’s (SNB) widely expected decision to cut interest rates by 25 basis points to 0.25% during the recent monetary policy review. As the Swiss Franc (CHF) lags, traders are eyeing potential further upward movement in the USD/CHF pair. Observing the SNB’s actions along with global economic shifts will be crucial for guiding trading strategies and expectations moving forward.