Swiss franc rallies after 25bp rate cut by Swiss National Bank SNB
The Swiss franc rose 0.14% versus the dollar to 0.8492, after the SNB decision and was up 0.11% at 0.9457 versus the euro.
Forex people is strange. 0.14% is “rallies”. I guess I’m the crazy one looking at YTD graphs.
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I guess sorry for being an ass. I should have asked before if you’re into day trading where stuff is relevant.
I’m not day trading, but rallies just refers to the price movement for the day following the cut, so is perfectly accurate.