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Forex

SNB Decision Looms Large Over Stagnant CHF

Guavy AI Editorial Team
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USD CHF
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The Swiss Franc (CHF) has halted its recovery against the US Dollar (USD), with the USD/CHF pair trading near 0.8220 in a quiet session on Monday.

This is due to the lack of key macroeconomic releases and traders' focus on the upcoming monetary policy decision by the Swiss National Bank (SNB) on Thursday.

The Federal Reserve's interest rate hike last week has created market expectations for further rate hikes in the coming months, which may put pressure on the CHF.

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