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Swiss Franc Soars, Australian Dollar Shines

Friday, 29 Apr 2011 | 8:39 AM ET

The Swiss franc is soaring and so are prices in Australia. Time for your Friday FX Fix.

Ding dong: Fighting inflation, both Vietnam and Russia raised lending rates, which could push both the dong and the ruble higher. [Marketwatch]

Everybody still hates the dollar, which is close to a three-year low. [CNBC]

The Swiss franc, however, is climbing higher on talk of stronger than expected economic growth and potentially higher interest rates. [Reuters]

There is talk in Hong Kong of abandoning the U.S. dollar peg for its currency. [FT]

Consumer prices increased more than expected in Australia and the Aussie is moving higher on increasing expectations of an interest rate hike. [au.ibtimes.com]

Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm.

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