Swiss franc tumbles after SNB surprises with a rate cut today ...Middle East

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Swiss franc tumbles after SNB surprises with a rate cut today
If there was going to be a surprise this week, the SNB was always going to be the one. And they certainly had the courage to do so, taking the first step well before any other major central bank in this latest cycle. Traders were certainly caught wrong-footed, having only priced in such a move for June instead. And so now, the catch up game begins. The Swiss franc has taken a tumble as a result, falling across the board.USD/CHF is up to its highest since November and the break allows for buyers to take aim at the 0.9000 mark next. Meanwhile, EUR/CHF is up to its highest since July as it shakes off the September and November highs in one go. The question now is, do buyers have more fuel to wo

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