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The Swiss National Bank is in charge of determining interest rates in Switzerland. The policy rate of the SNB serves as the official interest rate. The Swiss National Bank (SNB) strives to keep the secured short-term Swiss franc money market rates as close as possible to the policy rate. SARON is the most reflective of these rates in the current market environment. On June 13, 2019, the Swiss National Bank's policy rate took the place of the target range for the three-month Swiss franc Libor (London Interbank Offered Rate), which had been employed in the SNB's monetary policy approach until that point. It was necessary to make this change because, as a result of the absence of underlying money market transactions, the Libor was becoming less relevant as the most important reference rate in financial markets. From September 6, 2011, until January 15, 2015, the SNB's minimum exchange rate of CHF 1.20 per euro, which was in effect during this time period, was the primary focus of implementation. On December 18, 2014, the SNB decided to impose a negative interest rate of -0.25% on the balances of sight deposit accounts. With the introduction of a negative interest rate, the Libor target range employed at the time was pushed into negative territory for the first time, and its width was increased to its regular width of 1% point. A reduction in the interest rate on sight deposits was implemented on January 15, 2015, and the goal range was lowered to between -1.25% and -0.25%, according to the Swiss National Bank (SNB). Because of the SNB's policy rate, negative interest has been in effect since January 22, 2015.

A higher than expected figure should be seen as positive (bullish) for the CHF while a lower than expected figure should be seen as negative (bearish) for the CHF.

Category:  Interest Rate
Units:  Percent
Details
Impact: Medium
Country:
Currency: CHF
Latest Release
Previous: 1.75%
Consensus: 2%
Actual: 1.75%
Next Release
Date: Dec 14, 08:30
Time left: 11 days
Consensus: 1.75%

Forex Sentiment (CHF)

Symbol Community Trend (Shorts vs Longs) Symbol Popularity Avg. Short Price /
Distance From Price
Avg. Long Price /
Distance From Price
Current Price
EURCHF
0.9534
+73 pips
0.9623
-162 pips
0.9461
Symbol Action Percentage Volume Positions
EURCHF Short 4% 199.12 lots 1571
Long 96% 4442.49 lots 14752
6% of traders are currently trading EURCHF.
GBPCHF
1.1005
-41 pips
1.1213
-167 pips
1.1046
Symbol Action Percentage Volume Positions
GBPCHF Short 34% 243.62 lots 1601
Long 66% 479.88 lots 3030
3% of traders are currently trading GBPCHF.
USDCHF
0.8777
+78 pips
0.8882
-183 pips
0.8699
Symbol Action Percentage Volume Positions
USDCHF Short 6% 488.52 lots 2100
Long 94% 7294.84 lots 24756
10% of traders are currently trading USDCHF.
CHFJPY
159.0367
-984 pips
168.4190
+46 pips
168.88
Symbol Action Percentage Volume Positions
CHFJPY Short 79% 1128.18 lots 5576
Long 21% 294.10 lots 821
2% of traders are currently trading CHFJPY.
AUDCHF
0.5759
-34 pips
0.6010
-217 pips
0.5793
Symbol Action Percentage Volume Positions
AUDCHF Short 29% 458.53 lots 3114
Long 71% 1136.46 lots 5005
5% of traders are currently trading AUDCHF.
NZDCHF
0.5332
-59 pips
0.5538
-147 pips
0.539112351868733
Symbol Action Percentage Volume Positions
NZDCHF Short 39% 217.62 lots 2197
Long 61% 345.06 lots 2343
2% of traders are currently trading NZDCHF.
CADCHF
0.6476
+33 pips
0.6693
-250 pips
0.6443
Symbol Action Percentage Volume Positions
CADCHF Short 5% 228.56 lots 1352
Long 95% 4461.03 lots 19236
8% of traders are currently trading CADCHF.
CHFSGD
1.5251
-91 pips
1.5346
-4 pips
1.534161162483488
Symbol Action Percentage Volume Positions
CHFSGD Short 95% 4.93 lots 118
Long 5% 0.27 lots 12
0% of traders are currently trading CHFSGD.
XAUCHF
1683.9800
-8672 pips
0
+177070 pips
1770.7
Symbol Action Percentage Volume Positions
XAUCHF Short 100% 0.03 lots 1
Long 0% 0.00 lots 0
0% of traders are currently trading XAUCHF.