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Thu, 21 Mar 2024 08:47:30 GMT
Source: Dukascopy Bank SA
Unexpectedly to the financial markets the Swiss National Bank has just cut its base interest rate from 1.75% to 1.50%. The Swiss Franc is losing value due to the news. USD/CHF currency pair jumped 103 base points or 1.16% over the span of five minutes after the news were announced.
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