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Swiss franc plunges as peg talk persists
The Swiss franc plunged to two-week lows against the euro and the dollar in Asia on Monday on caution the Swiss National Bank would act further to weaken the franc and as markets found a steadier footing. Speculation the SNB will peg the Swiss franc to the euro gained ground after Swiss newspaper SonntagsZeitung reported on Sunday the central bank was poised to set a target at a little over 1.10 francs per euro. But dealers said expectations of a currency peg appeared to be overdone, and said the franc would likely rally again this week if markets start to believe such a move may not be possible. "The franc is being ... (full story)
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