All eyes on Switzerland’s policy rate?

All eyes on Switzerland’s policy rate?

17.06.2021

Yesterday, stock prices fell in the U.S. market, leading to a scenario of falling stock prices, a stronger U.S. dollar, and rising interest rates. The U.S. Federal Open Market Committee (FOMC) announced yesterday that it would “begin discussions” on tapering quantitative easing, which was in line with market expectations. Additionally, the GDP growth rate for the October–December quarter of this fiscal year was revised upward from the previous estimate of 6.5% to 7.0%.

The U.S. dollar is surging on the back of rising 10-year Treasury yields. GBP/USD has fallen from 1.413 to 1.397. AUD/USD has also dropped by about 120 pips, from 0.771 to 0.759. USD/CHF has risen from 0.892 to 0.909. The Dollar Index has climbed from 90.5 the previous day to 91.4.We will be watching to see if the US dollar’s strength continues today.

Today, the Swiss trade balance will be released at 3:00 PM Asia time; the SNB policy rate and statement will be announced at 4:30 PM Europe time; the final Eurozone CPI will be released at 6:00 PM;at 8:00 PM, the Turkish Central Bank (TCMB) policy rate and statement; at 9:30 PM U.S. time, Canadian international securities turnover, the Canadian housing price index, U.S. initial jobless claims, and the U.S. Philadelphia Fed Business Outlook Index; at 11:00 PM, the U.S. Leading Economic Index; and at 11:30 PM, U.S. weekly natural gas inventories.We will keep a close eye on price movements while paying attention to today’s release of the Swiss policy rate and statement.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 15.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 09.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?