Swiss National Bank will maintain franc against euro risks

GENEVA, SWITZERLAND – The Swiss National Bank vowed Thursday 15 March to maintain the franc’s exchange rate against the euro, saying that the appreciation of the national currency could have serious repercussions on the country’s economy. The Zurich-based monetary institution says it will continue to defend the franc in the existing “currency war”, by maintaining […]

Head for France – fast – if you still have old French francs!

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Friday is the last day to change your aging French francs for euros GENEVA, SWITZERLAND – Exactly 10 years ago the French franc was put to rest as France’s currency, and today is the last day any of those old bills can be exchanged for euros at banks in France. The government has been calling […]

Swiss economic news: franc rises, higher mortgage deposits coming, budget surplus predicted (update)

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Update 20:00  BERN, SWITZERLAND – The Swiss franc rose yet again Wednesday 17 August, turning around after a dip at the start of the week against most major currencies. The shift comes in the wake of a Franco-German meeting that left investors lukewarm and efforts by the Swiss National Bank to reduce its strength that […]

Swiss franc reaches new highs against dollar, euro

ZURICH, SWITZERLAND – The Swiss franc was being exchanged in Asia for $.81 and €1.14 shortly before midnight, TSR reports. Thursday’s exchange rates as listed by Reuters showed the franc trading at $.81 and €1.16 at 14:00 Swiss time Thursday. The Swiss currency was trading at new highs against the dollar and the euro, as […]

Swiss franc reaches new high against dollar, post-bin Laden

Zurich, Switzerland (GenevaLunch) – The dollar soared briefly on foreign exchange markets Monday 2 May, following the announcement of the death of Osama bin Laden, but by early Tuesday it had slipped and the Swiss franc had reached a historic new high against the US currency. The dollar was trading at CHF0.8619 before 08:00, Swiss […]

China and US conclude talks in Washington on positive note

Two days of talks billed as a “strategic and economic dialogue” between China and the US concluded Tuesday 28 July in Washington DC, with nothing concrete but with broad agreement on ways to combat the world recession and on climate change. The two say they are now closer on a variety of issues, among them […]