FOREX-Dollar advances vs Swiss franc, FOMC statement looms
* Dollar, euro up vs Swiss franc
* Traders cite intervention
* Focus seen quickly switching to FOMC meeting
(Adds quotes, details, updates prices, changes byline)
By Nick Olivari
NEW YORK, June 24 (Reuters) - The U.S. dollar rose against the Swiss franc on Wednesday as traders reported the Swiss National Bank was intervening in the market by selling the Swiss currency for dollars and euros.
The dollar was the biggest beneficiary of the intervention reports.
The Swiss National Bank declined to comment. The Bank for International Seettements, or BIS, also declined to comment on the intervention talk. For more details, see [ID:nWEA8190]
Investors were beginning to turn their attention to the policy statement from the Federal Reserve due at the close of the two-day meeting of its Federal Open Market Committee, at about 2:15 p.m. (1815 GMT). Continued...
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