EURCHF Rallies After SNB’s Aggressive Rate Cut
The EURCHF currency pair has gained traction, currently trading around 0.9340, following the Swiss National Bank’s unexpected monetary policy decision. The SNB slashed its benchmark Sight Deposit Rate by 50 basis points, reducing it from 1.00% to 0.50%. This move has contributed to the Swiss Franc’s challenges in the forex market.
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