USD/CHF jumps to weekly highs after SNB reduced exemptions on negative rates

FXStreet (Córdoba) - USD/CHF rose more than 150 pips over the last hours as the Swiss franc weakened across the board after the Swiss National Bank (SNB) said it has considerably reduced the group of sight deposit account holders that are exempt from negative interest.

USD/CHF climbed sharply and printed a fresh weekly high of 0.9652 before finding resistance at the 50-day SMA. At time of writing, the pair is trading at 0.9642, recording a 1.02% gain on the day.

Apr 22, 2015

US 10yr treasuries momentum trying to lean bearish – RBS

William O'Donnell, Head of US Treasury Strategy at RBS, comments on the treasury market and further shares the outlook and key technical levels for US treasuries.

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Apr 22, 2015

SNB move increases the odds of more negative rates – SG

Sebastien Galy of Societe Generale, views that the SNB move to tighten its rule on sight deposits increases the odds that it will go for more negative interest rates, especially faced with the risk of a Greek event.

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