The level of business activity in the Swiss industry sharply fell in January. Economists believe the unexpected rejection of the Swiss central bank to curb the strengthening of the national currency caused the decrease in activity.

Swiss central bank ceased to restrain the growth of the national currency against the euro. After the announcement of the SNB decision franc against the euro reached parity.

The Swiss National Bank lifted the restrictions on the exchange rate of the Swiss franc against the euro. This decision has provoked the collapse of the world's major currencies against the franc. Statement published on the National Bank of Switzerland reported that the bank removes earlier restrictions of foreign exchange gain of 1.2000 Swiss francs to 1 euro. In addition, the interest rate was lowered on deposit accounts with the National Bank minus 0.25% to minus 0.75%.

As can be seen from the four-hour chart, the pair US dollar/Swiss franc continues to trade in the long ascending corridor. Parity is overcome, the US dollar continues to strengthen. Pullback was shallow, and quote is now moving in the current trend and may update the previous high. About maintaining an upward trend signal indicators of technical analysis - moving average MA (50) show an increase, the MACD histogram bars above the zero mark. "Today, the publication of important economic news either in Switzerland or in America is not expected," - said the experts of Larson and Holz IT Ltd (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).

According to analysts of the Forex Broker Company Traders Union, the main event of yesterday's trading day was, of course, the introduction of the Central Bank of Switzerland negative key interest rates on deposits of commercial financial institutions in the amount of -0.25%.