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December 12, 2024

USDCHF Climbs Near 0.8900 Post-SNB Rate Cut

The USDCHF pair surged to a fresh two-week high near 0.8900 following the Swiss National Bank’s unexpected interest rate cut of 50 basis points. This marks the fourth consecutive rate cut and the first larger-than-expected reduction, making significant waves in the currency exchange rates.

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