FranC Entered Turbulence Zone, Ball on the Side of SNB - Action Forex

FranC Entered Turbulence Zone, Ball on the Side of SNB - Action Forex

USDCHF is trading below 0.8000, returning to the area of 14-year lows after rebounding from these levels in July. Earlier, in 2010 and 2014, the pair traded lower only in free-fall mode, forcing the central bank to intervene and reverse the trend. Although the Swiss National Bank has cut its key rate twice this year, and the Fed did so most recently in December last year, the dynamics of the currency market clearly show how the market values pol…