Market Moving News: USD/CHF - Jun 19

By IBTimes Staff Reporter | June 19 2008 2:47 AM

Usd/chf - 1.0382...Swiss franc falls across the board after SNB leaves rates on hold at 2.75%, however, some traders were hoping for a rate hike given the hawkish statements (citing inflation concerns) made by eurozone officials recently. The SNB says in its statement that current inflation looked like being a 'temporary' n hence has prompted covering of long chf positions...

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