Swiss Franc is depreciating ahead of the key Swiss National Bank policy meeting on Thursday.
Lower inflation and growth point to the risk of a dovish policy tweak at the meeting.
USD/CHF is piercing above the top of a box range and threatening to break out substantially higher.
The Swiss Franc (CHF) is trending lower on Wednesday in its most heavily traded pairs ahead of the week’s key event for the currency, the Swiss National Bank (SNB) policy meeting on Thursday.
The decline may be due to traders seeing a heightened risk the SNB will change its messaging or even reduce interest rates at the meeting due to substantial declines in both inflation and growth over the last year.
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