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Franc Weakens After SNB Decision
(RTTNews) - As expected, the Swiss National Bank raised its policy rate by 25 basis points to 1.75 percent. The franc fell against its major counterparts after the decision.
The franc was trading at 158.48 against the yen, 0.9832 against the euro, 1.1403 against the pound and 0.8944 against the greenback around 3:35 am ET.
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Swiss Franc Weakens Against Majors
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The Swiss franc strengthened against other major currencies in the European session on Tuesday.
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