The Swiss franc showed mixed trading against other major currencies ahead of the London session on Thursday as investors await the Swiss National Bank's interest rate decision.
The SNB is widely expected to retain its interest rate at zero and maintain the ceiling of franc at 1.20 per euro.
The franc that closed Wednesday's European session at 89.80 against the yen rose to a 17-day high of 90.42 in Asian deals. If the franc-yen pair gains further, it may likely target the 91.3 level.
Against the dollar, the franc reversed its direction after hitting a fresh 7-week low of 0.9337 in early Asian deals. At present, the dollar-franc pair is trading near Wednesday's European session close of 0.9323.
But the franc moved sideways against the euro and pound. As of now, the franc is worth 1.2136 against the euro and 1.4580 against the pound, compared to yesterday's European session close of 1.2147 and 1.4617, respectively.
Swiss economic forecasts report for March from SECO, European Central Bank's monthly report and the Eurozone employment for the fourth quarter are slated for release in the European session.
The U.S. PPI for February, weekly jobless claims for the week ended March 10, results of the New York Federal Reserve's empire state manufacturing survey for March, Treasury Department's report on the flows of financial instruments into and out of the U.S. for January and the results of the Philadelphia Federal Reserve's manufacturing survey for March are expected in the New York morning session.
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Forex News
December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.