Swiss Franc gains after Bernanke's speech

Note: This section contains information in English only.
Source: WBP Online
© Scanpix/New York Times
The Swiss Franc reached a three-week high after the Federal Reserve Chairman Ben Bernanke said that quantitative easing is still necessary for the U.S. economy as the labour market has not recovered enough. The currency gained 0.8% to 0.9500 versus the U.S. Dollar as of 11:28 a.m. CET. Against the Euro, it climbed 0.27% to 1.2396, with the common currency losing on downgrade of Italian rating.
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Thu, 11 Jul 2013 14:19:10 GMT

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