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Swiss lose battle in currency war that could spread

From news.yahoo.com

Historically neutral Switzerland's foray into the global currency war ended in defeat this past week after its central bank left markets shell-shocked by abandoning the franc's exchange rate floor, analysts said. Related Stories Switzerland scraps euro rate cap, franc soars AFP Swiss central bank scraps exchange rate peg to euro Associated Press European stocks soar, Swiss stocks slump as SNB unchains franc AFP What happened to the Swiss franc? Associated Press Swiss stunner sends euro to 11-year low against buck MarketWatch But with major shifts in monetary policy under way, the currency war is hardly over and the ... (full story)

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