Swiss central bank could cut interest rates by 50 basis points

On September 26th, according to institutional analysis reports, the euro rebounded unexpectedly against the Swiss franc yesterday afternoon, reaching its highest level in more than a month at 0.9508, and then quickly fell back. This rapid strengthening of the Swiss franc is instructive for the SNB's interest rate decision today. Today's meeting was the last meeting of SNB Governor Jordan in nearly 13 years at the helm of the central bank. He has experienced many surprises during his tenure at the helm, so it will not be surprising to do it again. So we are likely to see the SNB cut interest rates sharply by 50 basis points to 0.75%, and we suspect that they will also strengthen their remarks on the recent appreciation of the Swiss franc. If expectations are correct, we should see another rally in the EUR/CHF, but expect the bears to wait patiently for better short opportunities.