Markets turned heavily risk off, on Chinese Yuan devaluation, which strengthened the CHF. Markets experienced the strongest 2 day drop in a long time. A reversal is in the cards.
The Yuan devaluation will not prevent the Fed from Lifting Off (rising wages, state of employment). On the other hand the SNB will do all in its power to keep the CHF under pressure.
The Yuan devaluation will not prevent the Fed from Lifting Off (rising wages, state of employment). On the other hand the SNB will do all in its power to keep the CHF under pressure.