The ECB President will not comment further on future rate hikes. He says that markets have all the information they need to make up their own minds and that they know the central bank policy.
With Trichet seemingly intent on promoting further Euro volatility the Franc has been forced to trade the chop along with their European companions. USD/CHF dipped back to 1.1920 as EUR/USD surged above 1.33 but the price bounced almost immediately as EUR/USD was sold back and USD/CHF has since bounced back towards 1.1950.
However, some suggest that the price may be choppy but ultimately the price remains in the medium-term range and while 1.1850/2000 remains intact the price will continue to consolidate ahead of the SNB rate meeting for Q4 next week.
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