The Bank was widely expected to hold rates unchanged and only flag future tightening, mostly in response to the ECB. Meanwhile a 50bp hike from the record low -0.75% takes them ahead of the ECB (-0.5)
CHF gains, EURCHF dives below 1.03. The pair tested parity after Ukraine invasion but moved upwards partly on a belief that the SNB would lag behind ECB in tightening. With this not being the case now, is the parity back on the table?

Economic Calendar: Could Smaller Job Reports Pressure Fed to Hike?
Morning Wrap: Equities under pressure after Wall Street took profits, FX frozen (06.08.2026)
Breaking: US services remain strong, inflation pressures rise
GOLD eyes 4200 USD 🟡