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USD/CHF Slumps as Surging Swiss Inflation Fuels Early SNB Rate Hike Bets

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The Story

News Summary

  • The Swiss franc strengthened as Swiss inflation doubled in August and quarterly economic growth accelerated, boosting expectations for an earlier SNB interest rate hike.
  • Concurrently, general US dollar weakness and carry trade unwinding have exerted substantial downward pressure on the USD/CHF pair.
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USDCHF price history

0.82 +2.50% over the displayed period

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