As expected, the Swiss National Bank kept the 3-month Swiss Libor rate target unchanged at 0 percent and retained the EUR/CHF exchange rate floor at 1.20. After the announcement, the franc climbed against the other major currencies.
The franc was trading at 1.2067 against the euro, 1.5250 against the pound, 115.93 against the yen and 0.9380 against the greenback around 3:31 am ET.
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.