-
Swiss franc dives as SNB sets target rate
The Swiss franc plummeted versus the euro and dollar on Tuesday after the Swiss National Bank set a minimum exchange rate target of 1.20 francs per euro to combat the strength of the Swiss franc which it says poses a risk to the economy. The single currency leapt to the target almost immediately on trading platform EBS from levels of 1.1270 before the announcement. It was last up further at 1.2150 francs, up around 9 percent on the day. The dollar also jumped to 0.8370 francs versus around 0.8000, while the euro rose sharply to $1.4286 , up more than 1 percent on the day after trading almost flat beforehand. ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Sep 6, 2011 5:10am Sep 6, 2011 5:10am
- Rsdfx
- | Joined Sep 2011 | Status: Member | 50 Comments
- Comment #2
- Quote
- Sep 6, 2011 5:23am Sep 6, 2011 5:23am
- Gxp1
- | Joined Dec 2010 | Status: Member | 8 Comments
- Comment #3
- Quote
- Sep 6, 2011 5:27am Sep 6, 2011 5:27am
- Grantman
- | Joined Apr 2008 | Status: Member | 1 Comment
- Comment #4
- Quote
- Sep 6, 2011 5:37am Sep 6, 2011 5:37am
- AaronWard
- Joined Jun 2011 | Status: Chilling in Florida | 1387 Comments
- Comment #5
- Quote
- Sep 6, 2011 5:50am Sep 6, 2011 5:50am
- Gxp1
- | Joined Dec 2010 | Status: Member | 8 Comments
- Comment #6
- Quote
- Sep 6, 2011 6:19am Sep 6, 2011 6:19am
- Guest
- | IP XXX.X.251.196
- Comment #7
- Quote
- Sep 6, 2011 7:46am Sep 6, 2011 7:46am
- Phenomenal7
- | Joined Aug 2009 | Status: Member | 5 Comments
- Comment #8
- Quote
- Sep 6, 2011 10:17am Sep 6, 2011 10:17am
- IbroTapha
- | Joined Aug 2011 | Status: Trade Safely | 88 Comments
- Comment #9
- Quote
- Sep 6, 2011 12:06pm Sep 6, 2011 12:06pm
- Phenomenal7
- | Joined Aug 2009 | Status: Member | 5 Comments