The Swiss franc dropped today on the speculation that Switzerland’s central bank will make steps to weaken the currency further as soon as the next week. Earlier the franc was rising as the unemployment rate remained low.
The franc attempted to use the uncertainty about Europe as a driving force, but failed. Switzerland’s unemployment rate remained at the almost
USD/CHF rose a little from 0.9235 to 0.9240 today as of 12:14 GMT, following earlier drop to 0.9216. CHF/JPY slipped from 84.06 to 83.69.
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