Usd/chf - 1.0278 ... The Swiss National Bank kept interest rate unchanged as widely expected at 0.25% n indicated Switzerland's economy is on the road to recovery n is developing as expected but a risk of deflation remains. SNB estimated that 2011 inflation will be at 0.9%. U.S. currency rose marginally to 1.0303 after the rate decision b4 running into offers there. On the downside, some bids are located at 1.0250, 1.0220/25 with stops building up below 1.0220.
Join the Discussion