Swiss franc settles

Posted by 7Star Tuesday, February 2, 2010

The Swiss franc settled back into a trading range against the euro that has prevailed since mid-January after rising in Friday trading, then shifting sharply lower on central bank intervention rumours. Late on Friday the franc pushed to its highest level since March 2009 against the euro at 1.463 francs per euro before performing a swift about turn on market talk the Bank of International Settlements was buying euros on behalf of the Swiss National Bank.

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