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Asia shares wobble as Swiss move heightens volatility
Asian shares stepped back on Friday and major currencies mostly stuck to late U.S. levels as investors caught their breath, after Switzerland's unexpected move to abandon its currency cap jolted markets already roiled by plunging commodities prices. The euro suffered its biggest one-day drop against the Swiss franc in history and skidded to an 11-year low against the U.S. dollar after the Swiss National Bank (SNB) suddenly ditched its commitment to keep its franc above 1.20 per euro. Investors took this as a sign that the European Central Bank would launch large-scale bond buying next week, as many had already ... (full story)