ZURICH: The Swiss franc was little changed against the euro and dollar on Tuesday, as the greenback inched up against major currencies on suspense Federal Reserve Chairman Ben Bernanke will reveal timings for any reduction in bond-buying stimulus.
ZURICH: The Swiss franc fell on Friday against the dollar as the greenback approached a 10-month high against a basket of currencies after a regional Federal Reserve chief said the US central bank could begin easing up on stimulus this summer.
The Swiss franc gained against its European and U.S. counterparts in the Asian session on Monday. The franc is now trading at 1.2438 against the euro and 0.9679 versus the greenback, compared to last week's close of 1.2478 and 0.9722, respectively.
The Swiss franc has largely tracked the euro since the Swiss National Bank (SNB) imposed a 1.20 per euro cap on the franc in September 2011 after a strong run up in the Swiss currency threatened to tip the country into recession.
ZURICH: The Swiss franc was steady against the dollar on Wednesday after hitting its lowest level since August 21 in early trading, with the greenback's strength bolstered by signs of a firm recovery in the U.S.
Moodys.com (press release) (registration) - 17 hours ago
New York, May 20, 2013 -- Moody's Investors Service has assigned an Aa3 long-term foreign currency senior unsecured debt rating to Banco de Chile's proposed issuance of CHF 250,000,000 of senior bonds.
The safe-haven franc has broadly tracked the single currency since the Swiss National Bank introduced a cap of 1.20 per euro in September 2011 after a strong run up in the franc threatened to tip the country into recession. The franc fell 0.1 percent ...
The euro on Tuesday hit a high of 1.2264 francs, its highest since March 19. It last traded at 1.2254, up 0.4 percent. The SNB in September 2011 imposed an exchange rate cap at 1.20 francs per euro, meaning it would not tolerate a euro/Swiss Franc rate ...
Traders also said there was renewed speculation that the Swiss National Bank may raise its 1.20 franc per euro cap on the Swiss currency. On Tuesday, the SNB declined to comment on the rumours. (Reporting by Jessica Mortimer; editing by Anirban Nag) ...