The Swiss National Bank's (SNB) decision is today's highlight. Decision-makers are faced with a challenging choice: the inflation rate has fallen steadily in recent months and is now approaching the lower limit of the target range of 0% to 2% year-on-year.
The USD/CHF pair struggles to capitalize on its gains registered over the past two days and trades with a mild negative bias, below the 0.8000 psychological mark during the Asian session on Thursday.
USD/CHF clears the 20-day SMA of 0.8076, rises over 0.56% sponsored by mixed economic data in the US that triggered a reaction by investors, who trimmed dovish Fed bets for the upcoming September meeting. The pair trades at 0.8087, about to crack the 0.81 handle.