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Forex News: Franc Falls Ahead Of SNB Rate Decision

Franc Falls Ahead Of SNB Rate Decision

09/14/2017 - 03:25:00 (RTTNews)

(RTTNews) - The Swiss National Bank is set to publish the outcome of its monetary policy meeting at 3:30 am ET Thursday. The bank is expected to hold the interest 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 data, the Swiss franc fell against its major rivals.

As of 3:25 am ET, the Swiss franc was trading at 1.1469 against the euro, 1.2749 against the pound, 0.9646 against the U.S. dollar and 114.48 against the yen.

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