Friday, June 19, 2009

EUR/CHF Could Simply Remain Range Bound

The EUR/CHF experienced very choppy price action today, but ultimately ended the day higher after the Swiss National Bank (SNB) announced that they would be leaving their 3-month Libor target range unchanged at 0-0.75 percent, as expected, with the aim of bringing the rate down to the "lower part of the range" near 0.25 percent.

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