The decision is as per expected and the lower inflation forecasts will only serve to intensify the debate on negative rates before year-end. The market is pricing in nearly another rate cut before the year is over and done with. And there's nothing here to dissuade that nor really add to it I would say. USD/CHF remains little changed at 0.8195 and EUR/CHF at 0.9400 on the day.
This article was written by Justin Low at www.forexlive.com. Read More Details
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