USD – The world’s reserve currency remained supported throughout Thursday, as expectations for further aggressive policy tightening from the FOMC were reinforced by an unexpected rebound in Retail Sales data.
CHF – The Swiss Franc hit its highest level against EUR since 2015 on Thursday, supported by an increasingly hawkish outlook for the SNB.
Indeed, according to Reuters, money markets have now fully priced in 75 basis points of tightening for the central bank at next week’s meeting.
CHF – The Swiss Franc hit its highest level against EUR since 2015 on Thursday, supported by an increasingly hawkish outlook for the SNB.
Indeed, according to Reuters, money markets have now fully priced in 75 basis points of tightening for the central bank at next week’s meeting.