SNB comments cause CHF decline

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On Monday, the Swiss National Bank announced that it would intervene into the currency markets to keep the value of the Swiss Franc down. The currency has experienced recent safe haven inflows due to the war in Ukraine.

The USD/CHF reacted to the news with a 0.50% surge during a period of less than two hours.
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