Forex
Swiss Franc Halted by SNB Monetary Policy Decision Looming
The Swiss Franc (CHF) has halted its recovery against the US Dollar (USD), with investors shifting their focus to the upcoming monetary policy decision by the Swiss National Bank (SNB).
The USD/CHF pair ticked up above 0.8220, trimming losses following a two-day reversal.
The SNB is expected to leave interest rates at 0% for the rest of the year and likely through the first half of 2027, according to market expectations.
President Martin Schlegel's Press release will be closely watched for hints of potential policy changes in the mid-term.