- Prior +0.5%
The SNB might be worried about the Swiss industry but as a reminder, the economy relies much more heavily on its services sector. And overall, things seem to be doing just fine. Still, that doesn’t mean that the central bank should be too complacent and risk a potential return of deflationary pressures in the economy. So, very much a balancing act.
This article was written by Justin Low at www.forexlive.com.
Related Articles
USDCHF Technical Analysis – The USD gets a bid on weak Eurozone PMIs
Fundamental OverviewOverall, we’ve seen a rangebound price action in the US Dollar...
US Dollar surges to two-year high as Eurozone PMIs disappoint
The US Dollar (USD) jumps on Friday to its highest level in...
USD: Moderately hawkish remarks from Williams – ING
Yesterday’s US Dollar (USD) rally led to a break below the key...
Pound Sterling weakens as UK Retail Sales, flash PMI declines
The Pound Sterling (GBP) weakens against a majority of its peers, except...
Leave a comment