Swiss Franc Weaker as Danthine Says SNB Willing to Intervene
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The Swiss National Bank reaffirmed its willingness to intervene in markets, sending the franc to its weakest level against the euro since the institution abandoned its currency cap.
“We’re fundamentally prepared,” Vice President Jean-Pierre Danthine said in an interview with the Tages-Anzeiger newspaper published on Tuesday. The Tribune de Geneve and 24 Heures newspapers published similar comments.