USD/CHF eyes 0.9300 level with Fed and SNB decisions in focus – by Dippusen USDCHF Fed SNB InterestRate
Credit Suisse defaulted amid a liquidity crunch, Swiss authorities intervened and facilitated the UBS takeover of the troubled bank.
It is noteworthy that the Fed has recently opened its swap line to provide US Dollar liquidity to all central banks in need. Additionally, the Fed has been conducting instant lending operations through its discount window, resulting in a spike in the Fed's balance sheet despite ongoing Quantitative Tightening .
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