Is Swiss National Bank Winding Down Its Currency Intervention?
Dr. Duru submits:
I continue to read that the Swiss franc has been gaining on the euro because of the euro’s weakness. This observation appears correct when reviewing the euro’s slide against the dollar since early December (EUR/USD) and the parallel appreciation in the franc versus the euro (EUR/CHF). Yet, the euro has essentially stabilized versus the dollar over the past month while the franc has slowly but surely appreciated to one-year highs (lows on EUR/CHF).
This daily chart shows the euro’s recent stabilization:
Investing, Long Term Investment, stock market | admin March 14, 2010
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