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SNB keeps minimum exchange rate unchanged in March

The Swiss National Bank decided to leave the minimum exchange rate unchanged at CHF 1.20 per euro on Thursday and “will continue to enforce it with the utmost determination,” as it is stated in the official document released after the decision was made known.

The SNB explained that the CHF is still high and its further appreciation would adversely affect the Swiss economy, thus an increase in the currency will not be permitted.

The target range for the three-month Libor rate was also maintained at 0.0–0.25%.

Forex: EUR/CHF remains around 1.2350 after SNB decision

The Swiss franc is easing some ground against the single currency after the SNB left its 3-month Libor band unchanged at 0.0%-0.25% and the minimum exchange rate at CHF 1.20 per euro, broadly in line with market consensus...
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Forex: NZD/USD trading negatively at 0.8183/84

The NZD/USD crumbled overnight following a dovish RBNZ decision, as the pair lost its grip on the 0.8200 level. However, in the aftermath Thursday, the cross seems to be quit constrained, trading in a 40-pip range (0.8165-0.8205). At the time of writing, the pair is trading at 0.8183/84, down -0.04%.
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