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By Marlene Y. Satter, AdvisorOne |
April 6, 2012
After the Swiss frank breached a ceiling set by the country’s central bank last September, the bank’s interim chairman said that it would defend the currency. Markets are wondering just how far he will go.
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By Marlene Y. Satter, AdvisorOne |
December 30, 2011
After a year of battering, and on the verge of another anniversary, the euro is shrouded in doubt. As 2011 draws to a close it looks likely that the joint currency will record its second annual drop in value, something it has not done in 10 years.
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By Marlene Y. Satter, AdvisorOne |
September 6, 2011
The Swiss National Bank on Tuesday stepped in to impose a ceiling on the exchange rate of the national currency on Tuesday, causing the franc to halt four straight days of gains and fall the most ever against the euro.