Forex News – Swiss franc weakens versus euro
Posted on November 19, 2012 at 9:39 am GMTThe Swiss franc weakened against the euro on Monday, after comments from Swiss National Bank Alternate Governing Board member Thomas Moser at a conference in Mumbai. Moser said that the SNB believes that the franc is still overvalued against the euro at the current rate of 1.20 CHF. The SNB set this cap on 6th September 2011 in order to curb franc strength as the Swiss currency was rising sharply due to safe haven demand against the euro zone crisis. [..]