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this is the CMC connect volatility report the Swiss National Bank Surprise markets on Thursday with a 25 basis point cut to interest rates driving elevated levels of price action on the Swiss frank as a result this makes Switzerland the first major Western Nation to start cutting rates in this cycle and indicates confidence amongst the countryamp;#39;s policy makers that inflation is under control dollar Swiss Advan to levels not seen since last November and W day Vol on the trade printed 20.3 7% against 7.41% on the month that month marked fall in the value of the Swiss frank drove interest in Swiss equities 2 with that playing out in the performance of the SMR index gains exceeded 1% in early trade before abating slightly with one day VA printing 18.3% against 12.13 per on the month the Aussie dollar was also active on Thursday after better than expected employment stats were released driving AUD USD to one week eyes though gains were fleeting with robust weekly jobs claims out of t