LONDON: The euro jumped to a three-week high of 1.21165 Swiss francs on Wednesday after a report cited Swiss National Bank official Thomas Moser as saying the bank remained open to making interest rates negative.
"We have always said this is a possibility," the Wall Street Journal quoted Moser as saying on the sidelines of an event in Hamburgh. "We're never shy about it...we always said we would use it if needed."
The dollar also added to recent gains against the Swiss currency to hit a 1-year high of 0.93925 francs.
The SNB has imposed a ceiling on the franc of 1.20 francs per euro over the past three years to protect Swiss exporters from the currency's strength and keeping inflation in positive territory.
The euro's recent weakness and the European Central Bank's recent measures have again raised expectations it would have to take additional action to prevent the franc rising further.
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