Swiss franc at new all-time high

14 Oct, 2010

The Swiss franc hit a fresh all-time high against the dollar on Wednesday after minutes from the US Federal Reserve's latest meeting, released Tuesday, hinted at further monetary easing, weakening the greenback. The franc traded down 0.2 percent against the dollar at 0.9553 francs per dollar at 0641 GMT after setting a fresh all-time high of 0.9540 earlier in the session.
The franc was largely unchanged against the euro following solid gains in the previous session, with traders awaiting Swiss producer and import price data, due at 0715 GMT, for confirmation the Swiss economic recovery remains robust. The franc was largely stable against the euro compared to the New York close, trading at 1.334 per euro.

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