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SNB to remain active in FX market as necessary

The SNB left its expansionary monetary policy unchanged at its policy meeting today.

Following are main headlines from the policy statement:

SNB will remain active in FX market as necessary

Negative rates and SNB intervention are designed to make CHF investments less attractive

EUR/USD weaker, breaks below 1.1200

The selling pressure around the single currency is now picking up extra pace, forcing EUR/USD to breach the key support at 1.1200 the figure. EUR/USD
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GBP/USD flirting with low ahead of UK retail sales

After yesterday's volatile action, the GBP/USD pair came under some fresh selling pressure and has now dropped to session low near 1.2725 region. Mar
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