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The Swiss Franc (FXF) is little-changed vs. the greenback and the euro after the SNB reiterates...

The Swiss Franc (FXF) is little-changed vs. the greenback and the euro after the SNB reiterates the currency remains too strong and it will enforce the 1.20 floor against the euro with "utmost determination."  The debt crisis no longer on the front pages, the euro has been trading above the floor for some time, and currently buys 1.2340 francs. The Swiss ETF (EWL) +19.3% Y/Y.
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Comments (1)
  • Daniel Victor
    , contributor
    Comments (29) | Send Message
     
    At some point in the future,the Swiss may be forced to ask themselves,'do we want a sound currency,or are we determined to track a currency that is not sound,and pay for the privilege'.Then,hopefu... will sack the idiots responsible for this expensive, irresponsible policy.
    14 Mar 2013, 10:11 AM Reply Like
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