SNBs Jordan:Current monetary policy is not sufficient least restrictive to lower inflation

Swiss National Bank Swiss National Bank The Swiss National Bank (SNB) is the central banking authority of Switzerland. It represents the country’s monetary policy as an independent central bank and acts in accordance with the interests of the country as a whole. The SNB’s primary goal is to ensure price stability, while taking due account of economic developments. In doing so, the central bank creates an appropriate environment for economic growth.One of the main functions of the bank is to ensure and implement monetary policy. The SN The Swiss National Bank (SNB) is the central banking authority of Switzerland. It represents the country’s monetary policy as an independent central bank and acts in accordance with the interests of the country as a whole. The SNB’s primary goal is to ensure price stability, while taking due account of economic developments. In doing so, the central bank creates an appropriate environment for economic growth.One of the main functions of the bank is to ensure and implement monetary policy. The SN Read this Term's Jordan is speaking saying:

• S&P prepared to take all measures necessary to bring inflation back into the territorial price stability
• current monetary policy is not sufficiently restrictive enough to bring inflation back to the range of price stability over the medium-term
• we are clearly above the range of price stability
• we have to take action to bring inflation rate down

The USDCHF USD/CHF The USD/CHF is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Swiss franc of Switzerland (code CHF). The pair’s exchange rate indicates how many Swiss francs are needed in order to purchase one US dollar. For example, when the USD/CHF is trading at 1.2500, it means 1 US dollar is equivalent to 1.25 Swiss francs. The US Dollar (USD) is the world’s most traded currency, whilst the Swiss franc (CHF) is the world’s sixth most traded currency, The USD/CHF is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Swiss franc of Switzerland (code CHF). The pair’s exchange rate indicates how many Swiss francs are needed in order to purchase one US dollar. For example, when the USD/CHF is trading at 1.2500, it means 1 US dollar is equivalent to 1.25 Swiss francs. The US Dollar (USD) is the world’s most traded currency, whilst the Swiss franc (CHF) is the world’s sixth most traded currency, Read this Term is trading to new session lows (higher CHF), and testing a swing area on the daily chart between 0.9453 and 0.9479 after the touch comments on inflation. A move below 0.9453 would increase the bears hold on the technical bias. It would probably take a move back above 0.9493-0.9500 to shake the bears hold a bit.

Looking at the EURCHF on the daily chart, the pair is moving back below its 100 day MA at 0.9768.