Swiss Franc Rises as Labor Market Cools and SNB Rate Hike Looms
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USD/CHF faces downward pressure as market perceives cooling US labor market, indicating Fed may conclude hiking cycle.
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Bank of America forecasts higher Fed Funds rates across curve, sees upside risks though below market forwards.
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Swiss Franc gains as industrial production improves and SNB could raise rates.
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Focus turns to FOMC minutes for insights into decision to hold rates.
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Swiss trade data also in focus for economic outlook.