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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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The Japanese yen strengthened against other major currencies in the Asian session on Friday amid risk-off mood, as traders digested the latest settlements on the trade tariff front and remained caution as they awaited more clarity on the developments in trade negotiations with other trade partners.
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The Japanese yen strengthened against other major currencies in the Asian session on Friday.
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The euro weakened against its major counterparts in the New York session on Thursday.
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The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Thursday, as traders remain cautious amid continued uncertainty surrounding U.S. President Donald Trump's trade policies, despite reaching trade deals between the U.S. and China as well as the U.S. and the U.K.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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Swiss Franc Weakens Against Majors
The Swiss franc fell against its major counterparts in the New York session on Wednesday.
The franc edged down to 1.1182 against the pound and 0.8436 against the greenback, from an early high of 1.1117 and a 5-day high of 0.8324, respectively.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the European session on Wednesday.
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