Swiss Franc drops to 8-month low on ECB's bond-buying scheme

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Source: Bloomberg
The Swiss Franc declined to the lowest level in almost 8 months versus the Euro as the ECB's bond-buying plan curtailed demand for safer assets. Switzerland's currency dropped for a fifth consecutive day against the Euro after the SNB's foreign-exchange reserves rose at a slower pace in August, signalling there was less need to intervene and weaken the nation's currency. The Franc dropped 0.4% to 1.2093 per Euro.

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