 As markets await rate decisions from SNB and then BoE today, both Swiss Franc and Sterling are trading largely within established ranges. SNB's decision is particularly uncertain, with a close call on whether they will implement a second consecutive rate cut. If SNB opts to hold rates steady, Swiss Franc could see notable gains, especially against Euro. Meanwhile, BoE is expected to keep interest rates steady today, but the details in the voting and accompanying statement could provide insights into how close the central bank is to monetary easing. Across the forex markets, Australian Dollar remains the strongest performer of the week, although it has yet to sustain significant buying momentum. Swiss Franc is the second strongest and stands a chance to outperform Aussie, depending on SNB's decision. Euro follows as the third strongest currency. Conversely, Japanese Yen is currently the weakest, though it is holding onto near-term support against Dollar. The New Zealand Dollar is the second weakest, just ahead of Dollar. Sterling and the Canadian Dollar are positioned in the middle of the pack... |
