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In an interview with local television station TeleZueri, Swiss National Bank (SNB) Chairman Thomas Jordan said that he doesn’t rule out more interest rate hikes ahead.
Jordan said, “if we see that the current monetary policy is not restrictive enough to ensure price stability in the long term, then we will have to make another interest rate move.”
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USD/CHF finds support at 0.9010, with buyers lifting pair to 0.9057 in late North American session.
‘Golden cross’ formation of 50-day moving average crossing above 200-day moving average opens door for bullish resumption.
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The USD/CHF finds some support at around the 0.9010 area, though it failed to print a green day on Thursday after market participants speculated the Federal Reserve isn’t raising rates again. However, buyers entered the market late in the North American session and lifted the pair to current exchange rates at 0.9057, almost flat as the Asian

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