Battle Over Swiss Franc Ahead
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.
Euro Set to Record Second Annual Fall Against Dollar
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.
Swiss Franc Tumbles Against Euro as National Bank Defends Currency
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.