No SNB In Sight
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• SNB Policy Board Member Danthine sank the EURCHF when he stated that consumers need to prepare now for a return to higher rates and market defined FX-rates (later backtracked). EURCHF 1.4380 last • NZ Feb credit card billings printed at -0.3% m/m, +1.1% y/y, vs. Jan +1.4%, +2.7%. • Yesterday rumours of another hike to the US discount rate to be announced at sent the USD surging; DXY up… |
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