Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

The CAD/CHF currency pair was mostly steady near a 2-month high of 0.5777 on Monday ahead of the outcome of the Bank of Canada’s and the Swiss National Bank’s policy meetings.

The Bank of Canada is expected to keep its benchmark interest rate intact at 2.25% at its March 18th policy meeting.

Policy makers had said the current stance was appropriate given the BoC’s baseline economic outlook.

Yet, recent tariff threats from the US brought back concerns of trade disruptions and prompted the Governing Council to warn of uncertainty, potentially warranting a monetary policy adjustment in either direction.

In its quarterly monetary policy report, the central bank maintained its forecast for modest growth this year and in 2027, while inflation is expected to hover around the 2% target.

Meanwhile, the Swiss National Bank is expected to keep its policy rate without change at 0% at its March 19th meeting.

Swiss inflation has remained subdued. The central bank had forecast average inflation at 0.2% for 2025, at 0.3% for 2026 and at 0.6% for 2027.

The SNB had also reaffirmed its readiness to intervene in the Forex market if needed.

The CAD/CHF currency pair was last down 0.01% on the day to trade at 0.5762.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • British pound down to session low versus US dollar after BoE minutesBritish pound down to session low versus US dollar after BoE minutes British pound lowered against the US dollar to session low on Wednesday after the results from Bank of Englands meeting in June were announced.GBP/USD pair fell down to 1.5615 during early European session, after which consolidation […]
  • Nikola Corp produces 42 hydrogen fuel cell EVs in 2023Nikola Corp produces 42 hydrogen fuel cell EVs in 2023 Nikola Corporation, via the HYLA brand, produced 42 and wholesaled 35 Class 8 Nikola hydrogen fuel cell electric vehicles (FCEVs) in the United States and Canada for the entire 2023, the company said on Thursday.Of the 7 trucks […]
  • Euro Slips as Geopolitical Risk Lifts Dollar Haven AppealEuro Slips as Geopolitical Risk Lifts Dollar Haven Appeal Key Moments EUR/USD retreats to around 1.1575, ending a three-session advance as the pair loses momentum in early European trading. Heightened concern over US-Iran tensions and a reported vessel incident in the Strait of Hormuz […]
  • FirstEnergy raises quarterly dividend to $0.425FirstEnergy raises quarterly dividend to $0.425 FirstEnergy Corp (NYSE: FE) said this week its Board of Directors had authorized a quarterly dividend of $0.425 per share of outstanding common stock.The latter represents an increase of about 4% compared to the prior dividend […]
  • Forex Market: USD/MXN daily trading forecastForex Market: USD/MXN daily trading forecast Yesterday’s trade saw USD/MXN within the range of 14.6830-14.9157. The pair closed at 14.7130, losing 1.21% on a daily basis.At 8:30 GMT today USD/MXN was down 0.18% for the day to trade at 14.6896. The pair broke the first key weekly […]
  • Forex Market: USD/ZAR daily forecastForex Market: USD/ZAR daily forecast During yesterday’s trading session USD/ZAR traded within the range of 10.5112-10.5855 and closed at 10.5551.At 9:26 GMT today USD/ZAR was losing 0.36% for the day to trade at 10.5279. The pair touched a daily low at 10.5161 at 8:00 […]