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Franc Weakens After SNB Decision
(RTTNews) - As expected, the Swiss National Bank raised its policy rate by 50 basis points to 1 percent from 0.50 percent. The franc fell against its major counterparts after the decision.
The franc was trading at 146.55 against the yen, 0.9885 against the euro, 1.1482 against the pound and 0.9300 against the greenback around 3:35 am ET.
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Pound Slides Amid UK Fiscal Concerns
The British pound weakened against other major currencies in the European session on Wednesday, as investors expect that UK Chancellor of the Exchequer Rachel Reeves will have to make tough decisions over where to raise taxes and reduce spending in the approaching Autumn Budget.
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Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Wednesday.
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The British pound weakened against other major currencies in the European session on Tuesday, as traders speculate that the Bank of England (BoE) is likely to deliver a 25-basis-point rate cut in November.
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Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Tuesday.
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The U.S. dollar weakened against other major currencies in the early European session on Tuesday, as the U.S. Fed widely expect to lower rates by another quarter point.
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Yen Rises Amid Intervention Fears
The Japanese yen strengthened against other major currencies in the early European session on Tuesday, amid fears that government officials may step in to stop a further drop in the value of the home currency.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the early European session on Tuesday.
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U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the early European session on Tuesday.
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