The greenback overcame considerable event risk yesterday when the Treasury Department put off a trade war and the Beige Book stayed on point with its growth and inflation outlook.
As expected, the Swiss National Bank raised rates by 25bp to a target rate of 2.50%, but the news was a disappointment to traders looking for a 50bp bump and a more hawkish message from the post announcement statement.
Released shortly after the US Treasuries exchange policy evaluation, US legislators made it clear that flexibility must be the number one priority of Chinese policy makers.
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