Zurich, Switzerland (GenevaLunch) - The Swiss franc reached €1.50 for the first time since March 2009 Friday 18 December, and it rose against the US dollar to 1.04. The move prompted observers to ask if the Swiss National Bank has stepped back from its policy, in place for more than six months, to weaken the franc.
Links to other sites: Bloomberg, Reuters, Swiss National Bank
Posted by Ellen Wallace on 18 December 2009 at 21:40 | permalink
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 18 December 2009.
Filed under: Business
Tags: currency markets, exchange rates, interest rates, Swis franc, Swiss National Bank
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