Wall Street market woes propel Swiss franc

7th May 2010, Comments 0 comments

Swiss markets slide and the franc rises sharply against the euro a day after a roller-coaster session on Wall Street drives down the Dow Jones Industrial Average almost 1,000 points before recovering to finish 3.2 percent lower. The volatility may be due to rogue trading as much as worries about problems in Greece, but European markets remain jittery, although a UBS economist says the situation is not changing the bank's forecast for Switzerlands economic growth.

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