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Daily Outlook
At the time of writing, overnight index swaps are pointing to a 60% chance that the SNB could hike by a further 25-basis points before 2023 ends.
As the countdown draws closer to the key US jobs report later today (Friday, August 4), investors may already be keeping a close eye on what’s to come in the week ahead.
The US has lost its top-tier AAA credit rating as assigned by Fitch Ratings, now downgraded down one level to AA+.
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