• Anticipates a weak growth dynamic in the coming quarters
  • Too early to sound the all clear for inflation in Switzerland
  • Cannot rule out further interest rate rises at present.
  • Maintenance price stability has absolute priority

The USDCHF - like other pairs in the forex today - have seen a move higher (higher dollar) followed by a run back to the downside (lower dollare).

The pair is moving back toward its 50% midpoint of the January trading range and 0.9222 and the 200 hour moving average at below that level of 0.92195.

USDCHF moves back to the 200 hour MA/50%