Franc Rises Vs Most Majors Ahead Of SNB Decision
21 June 2018 - 1:27PM
RTTF2
At 3.30 am ET Thursday, the Swiss National Bank is set to
announce the outcome of its monetary policy assessment. The SNB is
forecast to hold 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.
Ahead of the decision, the franc traded mixed against its major
counterparts. While the franc rose against the euro, pound and the
yen, it fell against the greenback.
The franc was worth 110.91 against the yen, 1.1514 against the
euro, 1.3106 against the pound and 0.9970 against the greenback as
of 3:25 am ET.
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