Forex
Dollar hits two-month high ahead of SNB decision
The dollar index rose to a two-month high, the Swiss franc weakened and the Norwegian krone rose ahead of the Swiss National Bank's rate decision.
The SNB is widely expected to keep its policy rate unchanged at 0.00%, so market attention is on its inflation forecasts, assessment of the oil shock, intervention language and guidance for 2027.
For beginners A currency often reacts less to the rate decision itself than to a central bank's forecasts and tone: hints of tighter policy ahead can move a currency even before any actual rate change.