Forex News – Swiss franc dips as SNB defends 1.20 CHF cap
Posted on February 11, 2013 at 3:12 pm GMTThe Swiss franc weakened against the dollar and euro on Monday in reaction to comments from policy markers about the Swiss National Bank’s commitment to defend the cap on the franc. Back in September 2011, the SNB imposed a 1.20 franc floor in the EURCHF exchange rate in an effort to limit the appreciation of the Swiss currency at the height of the crisis when euro was tumbling and demand for the safe haven franc was high. Today, SNB board [..]