Tuesday, 6 September 2011

SNB Intervention Welcomed By Market As Swiss Stocks Rise

ZURICH (Dow Jones)--Swiss stocks rallied strongly Tuesday following the Swiss National Bank's intervention to set a cap on the franc's exchange rate against the euro. The benchmark Swiss Market Index recovered most of the losses it suffered on Monday as investors reacted warmly to the news the SNB ...

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  • Switzerland has unexpectedly cut interest rates and said it would increase the supply of francs to money markets to stem the rapid rise of the Swiss currency, which ...

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