Swiss franc ends off lows after SNB holds fire

- Central Banking staff
- 08 Dec 2000

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The Swiss franc ended off lows against the dollar after the Swiss National Bank left interest rates unchanged, as expected, and said it detected no major inflationary pressure on the horizon.

The dollar hit a session high of 1.7104 francs before settling back to levels seen late on Thursday. The euro finished near its early levels after moving through a 50-point range. Unwinding of some long Swiss franc positions that some players built up on the off chance of a rate hike initially put the franc

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