SNB moves deeper into negative rates – BBH

The Brown Brothers Harriman Team shares that the SNB in a sudden move lowered its 3-month LIBOR target to -0.25% -to -1.25% from the previous -0.25% to -0.75%, sending the EUR/CHF to experience a 30% fall from 1.20 to 0.85.
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EUR/CHF back to 1.0400

Quite violent moves in EUR/CHF following the SNB decision earlier on, now hovering over 1.0415/10 after dropping to the 0.8600 neighbourhood in the aftermath of the meeting...
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