Franc Mixed Ahead Of SNB Decision

03:27, 18th September 2014

(RTTNews) - The Swiss National Bank is due to announce its monetary policy decision at 3:30 am ET Thursday. The bank is expected to maintain the 3-month Swiss Libor rate target unchanged at 0 percent, while it is also likely to retain the EUR/CHF exchange rate floor at 1.20.

Ahead of the announcement, the franc showed mixed trading trading against the other major currencies. While the franc rose against the yen, it held steady against the greenback and the euro. Against the pound, the franc recovered from an early low.

The franc was worth 1.2107 against the euro, 1.5313 against the pound, 115.58 against the yen and 0.9405 against the greenback as of 3:25 am ET.