Swiss Franc Rallies on Risk Aversion, Ignores SNB

Jun 13,2019 23:40   Source:Earnforex
The Swiss franc rallied today on the back of risk aversion on the Forex market. The currency largely ignored the monetary policy meeting of the Swiss National Bank and somewhat disappointing domestic macroeconomic data. As was widely expected, the SNB left its monetary policy unchanged, keeping interest rates in the negative territory. The central bank announced a new benchmark rate to replace the target range for the three-month Libor: The Swiss National Bank is today introducing the SNB […]

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