(Bloomberg) -- The Swiss franc rose by the most in
two weeks versus the euro on speculation its slide to a record
low may prompt the central bank to take action, to prevent
inflation from accelerating.
The franc is set to snap a four-day losing run, partly on
speculation the Swiss National Bank may intervene like the
Reserve Bank of New Zealand, which sold its currency on June 11.
The SNB has said the franc's drop isn't justified by economic
fundamentals, and may lead to quickening inflation.
Read more at Bloomberg Currencies News
two weeks versus the euro on speculation its slide to a record
low may prompt the central bank to take action, to prevent
inflation from accelerating.
The franc is set to snap a four-day losing run, partly on
speculation the Swiss National Bank may intervene like the
Reserve Bank of New Zealand, which sold its currency on June 11.
The SNB has said the franc's drop isn't justified by economic
fundamentals, and may lead to quickening inflation.
Read more at Bloomberg Currencies News
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