"With utmost determination," SNB President Jordan promises to uphold the CHF 1.20 floor on the...

|By:, SA News Editor

"With utmost determination," SNB President Jordan promises to uphold the CHF 1.20 floor on the euro/Swiss franc cross. "The franc is still high and is weighing on the Swiss economy." Locked at 1.2010 francs for months, the euro has soared to over 1.21 in recent days (yes, 100 pips is soaring) amid optimism the EU finally has a handle on the debt crisis.