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SNB’s Zurbruegg: Convinced that current monetary policy stance is the right one

Swiss National Bank (SNB) Vice-President Fritz Zurbruegg is on the wires now, via Reuters, making a scheduled speech about payment methods, in Zurich.

Key Headlines:

Currency market situation is 'fragile'.

Convinced that current monetary policy stance is the right one.

Negative rates and willingness to intervene, it also takes into account the 'fragility'.

USD/CAD struggles near weekly lows, below mid-1.2800s

   •  Hawkish hold from BoC continues to be weighed on Thursday.    •  USD retracement offset weaker oil prices and does little to support.    •  Tr
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European Monetary Union Consumer Price Index (YoY) registered at 1.9% above expectations (1.6%) in May

European Monetary Union Consumer Price Index (YoY) registered at 1.9% above expectations (1.6%) in May
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