Switzerland's National Bank reported and considers the Swiss Franc hugely overvalued. SNB thinks that the very strong CHF is threatening the development of the economy. The bank is taking measures against the Swiss Franc, aiming the Interest Rates to drop closest possible to zero, shortening the range from 0-0.75% to 0-0.25%.
USD/CHF is currently trading at 0.7779, with lows of 0.7608 and highs of 0.7789.
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