Euro gains versus Swiss franc top 1 per cent The euro gained more than 1 per cent to return to close to parity against the Swiss franc on Monday, the best performance of a broad recovery for the single currency after hitting long-term lows following Greek election results overnight. Traders cited the Swiss National Bank as intervening against the franc last week and data on Monday showed sight deposits at the SNB rose sharply, normally an indicator the bank has been selling francs in the market. The SNB removed its 1.20 francs per euro cap on the Swiss currency on Jan. 15, prompting the biggest moves on major currency markets in the era of floating exchange rates. The euro gained 1 per cent to 0.9967 francs by GMT 0956, having hit a high of 0.9984 francs a few minutes earlier.
Posted on: Mon, 26 Jan 2015 15:05:16 +0000
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