Culture
Swiss National Bank likely intervening to weaken franc: UBS
The Swiss National Bank (SNB) is probably stepping into the market to weaken the franc, according to economists at UBS Group. “Current…
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franc
Culture
Swiss National Bank cuts interest rate to zero in effort to stop franc inflows
The Swiss National Bank (SNB) cut its interest rate to zero, seeking to deter investors from pushing up the franc. The quarter-point…
Culture
Euro, US dollar steady before ECB decision, Swiss franc falls on large rate cut
THE US dollar was broadly steady on Thursday (Dec 12) while the euro traded a touch higher before the European Central Bank’s monetary…