Swiss franc falls as SNB to act "decisively" on FX
LONDON, March 11 |
LONDON, March 11 (Reuters) - Swiss franc fell on Thursday after the Swiss National Bank said it would act "decisively" to counter any excessive rise in the Swiss franc.
The announcement came as the SNB left interest rates on hold and said signs of an economic recovery were becoming more tangible. [ID:nZUX010014] [ID:nWEB5195]
The euro rose to a session high against the Swiss franc EURCHF= of 1.4630 francs compared with 1.4610 just before the announcement. By 1307 GMT it was trading at 1.4615 francs.
The dollar CHF= rose to around 1.0705 francs from 1.0693 beforehand.
(Reporting by London Forex team)
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