What ECb QE means for the Swiss National Bank, the CHF, and the Federal Reserve via ForexLive

Some thoughts on ECB QE and the implications for other central banks from Standard Chartered:

• Says the ECB QE initiative will have the effect of a relative tightening elsewhere
• Thinks the Swiss National Bank will want to ease further to take some pressure off the CHF
• Says the effect on the Federal Reserve may be enough, given the impact on inflation of falling oil prices, to delay tightening … says “the Fed won't engage interest rate lift-off until September at the earliest, rather than the mid-year period that's talked about by some FOMC officials and which seems to be the favourite of most analysts in the market.”

EUR/CHF traded higher in the overnight, some consolidation here in the early Asian morning though:

posted via ForexLive