Franc Weakens After SNB Decision
15 March 2018 - 3:34PM
RTTF2
As expected, the Swiss National Bank kept the 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.
Following the announcement, the franc dropped against its major
rivals.
The franc was trading at 112.22 against the yen, 1.3219 against
the pound, 1.1693 against the euro and 0.9455 against the greenback
around 4:33 am ET.
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