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USD/CHF jumps above 0.8880 after SNB lower OCR to 1.25%
The Swiss National Bank (SNB) have just announced the outcome of their monetary policy decision. Ahead of this there was some shift in some of the analyst calls for what might be delivered here, with one leading outlet calling for rates to remain unchanged at 1.50%, where they had not earlier in the week. The overall consensus was still skewed towards a 0.25% cut. The SNB have just cut the rate to 1.25% . Just prior to this outcome, the USD/CHF was languishing near session lows (0.8831), trading at around 0.8836 . The USD/CHF has charged above 0.8880 on this news
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