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LONDON, June 20 - The dollar climbed on Thursday, while the Swiss franc and the pound dropped as a busy day of central bank meetings kept currency traders alert.
Sterling slipped 0.2% to $1.2691 after the BoE voted 7-2 to keep its main interest rate unchanged, but some policymakers said their decision not to cut was"finely balanced". The dollar, meanwhile, climbed 0.6% to 0.8894 francs as the Swiss currency fell from around a three-month high in the wake of the rate cut, which came with forecasts predicting a further fall in inflation to 1.1% in 2025.
Elsewhere, the Norwegian crown rose to a four-month high against the euro after the Norges Bank held rates at a 16-year high of 4.25%.Volatility in currency markets has picked up over the last 10 days as political uncertainty in Europe has combined with the long-standing guessing game about central bank rate cuts to cause investors new problems.
The euro was on the back foot again on Thursday, down 0.16% against the dollar to $1.07285 but still above the six-week low of $1.0667 hit on Friday.
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