The euro jumped by 0.12% to CHF1.4631 against the franc after the announcement, which followed the central bank quarterly monetary policy meeting. However, Forex Currency didn't move above its range for the previous day and immediately sank back down, suggesting traders and investors still expect the franc to climb over the medium term. The SNB upgraded its 2010 growth and inflation forecasts, which points to interest rate rises ahead, a long-term support for the Forex Currency trade. The central bank has been intervening in the currency markets for the past year, initially seeking to prevent the euro from sinking under CHF1.50 and more recently trying to stop the franc from strengthening too fast. Separately, President Barack Obama said Thursday the world would benefit if China moved to a more market-based currency system in remarks prepared for delivery at the U.S. Export-Import Bank annual conference. Obama said a change in China forex rate would help the Group of 20 broad drive to rebalance the global economy, with countries with external surpluses, such as China, boosting consumption and domestic demand and countries with external deficits, such as the U.S., saving and exporting more. For more forex, please go to Forex Currency. By Mia [Decline speeds on Deutsche Bank downgrade, Mar. 5 ] [Mar. 2, Euro falls vs dollar after RBA says Europe a risk] [Yen dips, dollar supported ahead of payrolls, Mar. 5] [Forex: Ringgit rebounds higher than US dollar]