"We won't accept any exchange rate below 1.20," says a SNB spokesman, trotted out after the euro...

|By:, SA News Editor

"We won't accept any exchange rate below 1.20," says a SNB spokesman, trotted out after the euro briefly fell below that level vs. the Swiss franc. "We are committed to buying foreign exchange in unlimited quantities to defend this level." The euro is currently buying CHF1.2025.