USD/CHF holds firm on Friday as the US Dollar (USD) trims its intraday losses. At the time of writing, the pair trades around 0.8013 after slipping to 0.7949 on the previous day, its lowest level since June 17. Despite the modest recovery, USD/CHF remains on track to close the week in negative territory.
Meanwhile, dovish remarks from Swiss National Bank (SNB) Governing Board member Petra Tschudin dampen sentiment toward the Swiss Franc (CHF). Tschudin told Swiss newspaper Finanz und Wirtschaft in an interview published on Friday, “Should it become necessary to lower interest rates below zero to keep inflation between 0% and 2% in the medium…
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