The Swiss franc advanced today on signs of stable growth and hopes that economy will grow even faster next year. The currency was still constrained by the cap imposed by the Swiss National Bank.
Swiss gross domestic product expanded 0.5 percent in the third quarter of 2013 from the previous three months. The annual increase was at 1.9 percent. According to forecasts, growth will accelerate to 2.3 percent in 2014.
USD/CHF was down from 0.9073 to 0.9058 and EUR/CHF fell from 1.2320 to 1.2310 as of 11:06 GMT today.
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