Franc Falls Vs Most Majors Ahead Of SNB Decision
December 13 2017 - 10:27PM
RTTF2
The Swiss National Bank announces its interest rate decision at
3:30 am ET Thursday. The bank is expected to keep the rate on sight
deposits at the SNB at -0.75 percent and the target range for the
three-month Libor between -1.25 percent and -0.25 percent.
Ahead of the announcement, the franc traded mixed against its
major rivals. While the franc dropped against the greenback, euro
and the pound, it rose against the yen.
The franc was worth 1.1655 against the euro, 1.3236 against the
pound, 0.9854 against the greenback and 114.42 against the yen as
of 3:25 am ET.
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