Zurich, Switzerland (GenevaLunch) - The Swiss franc is at near parity with the US dollar following stronger than expected GDP results. The euro, which in the past week has sunk to record lows against the franc, was boosted by remarks by European Central Bank President Jean-Claude Trichet to the effect he does not expect a double-dip recession. Bloomberg reported Thursday 2 September that “the currency climbed 0.5 percent to $1.0111 as of 10:50 in Zurich. It appreciated 0.4 percent to 1.2964 per euro, after strengthening to a record high of 1.2852 on August 31.”
Links to other sites: Bloomberg, Financial Times (31 August), XE exchange rate site
Posted by Ellen Wallace on 2 September 2010 at 16:27 | permalink
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 2 September 2010.
Tags: currencies, dollar, economy, euro, Swiss franc
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