Things are getting sticky for the Swiss and their franc. Twice in the past week the market, that nebulous but inexorable force, took a run at the cap on the value of the franc established by the Swiss National Bank last September. Last Thursday, amid low pre-holiday volume, the franc actually pierced the 1.20 per euro line the Swiss central bank had drawn in the sand. Suspected intervention soon drove the franc lower but then once again over the weekend the franc came within a hairsbreadth of that line. "We won't accept any exchange rate below 1.20. We are committed to buying foreign exchange in unlimited ... (full story)