Franc Weakens Following SNB Decision
14 December 2017 - 02:35PM
RTTF2
As expected, the Swiss National Bank kept its rate on sight
deposits at -0.75 percent and the target range for the three-month
Libor between -1.25 percent and -0.25 percent.
After the announcement, the franc dropped against its major
rivals.
The franc was trading at 1.1675 against the euro, 1.3253 against
the pound, 0.9865 against the greenback and 114.31 against the yen
around 3:34 am ET.
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