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CHF & SEK: SNB Eyes Rate Cut, Riksbank to Pause as Inflation Dynamics Diverge
Safe-haven bids briefly returned to the CHF due to localised EM turmoil yesterday, while overall EUR/CHF was still able to hold up near 0.96. That is the highest level since last June going into today’s SNB meeting, while in contrast, USD/CHF has fallen to three-month lows.
