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Franc Falls Ahead Of SNB Rate Decision

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.

The material has been provided by InstaForex Company – www.instaforex.com