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

|By:, SA News Editor

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)