SNBN Schweizerische Nationalbank

The Swiss franc fell to a 16-month low against the dollar on Tuesday as the Swiss National Bank’s cautious stance on raising interest rates diverges from its peers.

The market is fully pricing an interest-rate rise by the Swiss National Bank by March but this looks unlikely, he says. The SNB held rates at 0% on Thursday and signalled little concerns about inflationary risks. The dollar rises to as high as 0.8298 francs and ING expects it to reach 0.8500 if the Federal Reserve raises rates again in October.

FOREIGN EXCHANGE The WSJ Dollar Index is up 0.19 point or 0.19% today to 96.97 —Up for five consecutive trading days —Up 0.90 point or 0.93% over the last five trading days —Largest five-day point and percentage gain since Friday, Sept.

Switzerland and Sweden kept their rates unchanged Thursday but Norway raised its key rate to 4.5% from 4.25% to return inflation to target.