Categories: Fundamental Analysis

SNB with lower interest rate and ends minimum exchange rate

Surprisingly the Swiss National Bank scrapped the 1.20 cap on the euro and lowered it’s interest rate by 0.5 percentage points, to 0.75 percent.

“The Swiss National Bank (SNB) is discontinuing the minimum exchange rate of CHF 1.20 per euro”, the central bank stated today.

Image Source: http://econbrowser.com/

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.