The USD/CHF pair extends its decline to around 0.8990 during the early European session, pressured by the weaker US Dollar (USD).
Swiss National Bank (SNB) Chairman Martin Schlegel said on Monday that while the central bank does not favor negative interest rates, it cannot completely rule them out, per Reuters.
On the last day of last year, the Swiss National Bank (SNB) announced the extent of its foreign exchange interventions in the third quarter - given the repeated hints from officials that more intervention was possible at any time, this was probably one of the most important data points of recent mon