• Switzerland's currency shed a few francs in value after the nation's central bank didn't announce a new round of fireworks. Back in January, the Swiss National Bank launched the franc sharply higher and into outer space after it unexpectedly pulled its peg against the euro. 
  
  
• The SNB held rates unchanged today and sketched a darker outlook for growth and inflation. Officials said the franc remained an instrument in their policy toolkit and signaled a desire for its currency to weaken which would be a plus for its export-geared economy.