March 12, 2009Switzerland has officially adopted a beggar thy neighbor policy approach by intervening in the currency market. This morning, they cut interest rates by 25bp to 0.25 percent matching U.S. levels. They have officially embarked on Quantitative easing and will be buying domestic and foreign bonds (fully synopsis of SNB rate decision) . [...]
Posted in Forex Technicals, Swiss Franc, eurchf, forex blog, forex signals, swiss national bank, usd/chf 
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