FXstreet.com, (Barcelona) - The Swiss National Bank has maintained its three-month Libor rate unchanged at the 0.0%/-0.75% band, while reaffirming its commitment to continue with currency market intervention igf needed. The Swiss Franc has spiked up against the Dollar and Euro.
USD/CHF which was moving around 1.0340 ahead of SNB monetary Policy announcement, rose to 1.0360 session high to turn down afterwards and reach levels around 1.0325 afterwards.
EUR/CHF rose from 1.5210 to a fresh 3-weeks high at 1.5235 immediately after the release of SNB monetary policy decision, to drop afterwards, to levels below 1.5200. At the moment of writing, the Euro trades at 1.5180.