SNB Holds Libor Rate, Franc Fluctuates

The Swiss franc fluctuated today after jumped on the previous trading session and fell at the beginning of today’s session, while the Swiss central bank left its benchmark interest rate unchanged.
The Swiss National Bank maintained the London Interbank Offered Rate (Libor) unchanged at 0.25 as was predicted by analysts. Today’s decline of the franc hasn’t offset yesterday’s gain on the concerns about the situation in Japan.
USD/CHF traded today at 0.9025 as of 14:13 GMT after it opened at 0.8980 and rose to the intraday high of 0.9058.

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