Swiss Franc depreciates on SNB actions

On Wednesday, October 2, the Swiss Franc depreciated 96 pips or 0.97% against the US Dollar.  

Most likely, the USD/CHF currency exchange rate advanced, as the Swiss National Bank took actions to decrease the value of the Swiss Franc. 

Previously, the Swiss policymakers suggested that the monetary policy was expected to remain expansive due to global uncertainty. The SNB claimed that it would continue to monitor Brexit and the US-China trade tensions, as those events could have significant impact on domestic economy.