Swiss move aggressively to weaken franc

Sep 6, 2011 by Euronews

Switzerland's central bank has turned the tables on investors who have buying the Swiss franc as a safe haven and driving up its value against other currencies.
The Swiss National Bank shocked foreign exchange markets by setting a minimum exchange rate target of 1.20 francs to the euro.

The franc's rally has been threatening the Swiss economy by making the country's exports too expensive.

http://www.euronews.net/

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