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Forex News: Franc Mixed Ahead Of SNB Decision

Franc Mixed Ahead Of SNB Decision

09/20/2018 - 03:25:00 (RTTNews)

(RTTNews) - At 3.30 am ET Thursday, the Swiss National Bank is scheduled to release the outcome of its monetary policy meeting. The SNB is expected to hold its 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 decision, the franc traded mixed against its major counterparts. While the franc rose against the yen and the greenback, it held steady against the euro and the pound.

The franc was worth 116.22 against the yen, 1.1297 against the euro, 0.9660 against the greenback and 1.2723 against the pound as of 3:25 am ET.

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