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The Swissie is -7.2% vs. the dollar and -7.7% vs. the euro after the Swiss National Bank sets a...

Sep. 06, 2011 4:30 AM ETEWL, FXE, FXF, ERO-OLD, EU-OLD, URR, DRR, ULE, EUOBy: Yigal Grayeff, SA News Editor6 Comments
The Swissie is -7.2% vs. the dollar and -7.7% vs. the euro after the Swiss National Bank sets a minimum exchange rate of 1.20 francs per euro. "The SNB... is prepared to buy foreign currency in unlimited quantities," it says. "If the economic outlook and deflationary risks so require, the SNB will take further measures." (PR)

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