Swiss franc at record high as euro suffers

26th August 2010, Comments 0 comments

The Swiss franc rose to a new high as the euro slipped below SFr 1.30 on Wednesday, 25 August. The Swiss National Bank decided earlier this year that it would no longer intervene to halt the rise of the franc after losing more than SFr 14 billion from selling francs to slow down the appreciation. ...

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