The Swiss franc weakened against other major currencies in the Asian session on Wednesday, as traders speculate that the central bank is likely to reduce its borrowing costs in the policy meeting due Thursday.
The policy board of the Swiss National Bank (SNB) governed by Thomas J. Jordan is expected to lower the rate by a quarter-point to 0.75 percent.
Investors await key U.S. inflation readings and the ECB rate decision.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.