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Swiss Franc Falls Ahead Of SNB Rate Decision

At 4:30 am ET Thursday, the Swiss National Bank announces its interest rate decision. The bank is forecast to hold the rate on sight deposit at -0.75 percent and the target range for the three-month Libor between -1.25 percent and -0.25 percent.

Ahead of the announcement, the Swiss franc fell against its major rivals.

As 4:25 am ET, the Swiss franc was trading at 1.0722 against the euro, 1.2272 against the pound, 0.9999 against the U.S. dollar and 113.33 against the yen.

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Forex News

Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

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