⚡ Easily Trade – Apple, Microsoft, Tesla and Google Stocks – Open a FREE Account Here

      

Market Update: Swiss National Bank Leaves Monetary Policy Unchanged

Posted Thursday, December 13, 2018 by
Arslan Butt • 1 min read

The Swiss National Bank (SNB) is maintaining its expansionary monetary policy, thereby stabilizing price developments and supporting economic activity. Interest on sight deposits at the SNB remains at –0.75% and the target range for the three-month Libor is unchanged at between –1.25% and –0.25%.

This makes Swiss Franc stronger but the USD/CHF is facing strong support at 0.9920. The pair can reverse above this level to target 0.993. The market can go after 0.9900 below 0.9920 today.

 

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments