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Swiss Franc Slides, Euro Lifts

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Published: Wednesday, 3 Aug 2011 | 8:14 AM ET
Kelley Holland By:

News Writer

A Swiss rate cut dents the franc and Europeans go shopping — it's time for your FX Fix.

The Swiss franc tumbled after the Swiss National Bank vowed to slash interest rates. [WSJ]

The euro rose on solid retail sales and the Swiss rate cut. [RTT]

Get ready for more volatility in the currency market. [WSJ]

Japan's prime minister called for central bank intervention to stem the yen's rise. [Reuters]

Asian currencies, especially the South Korean won and the Malaysian ringgit, slumped on worries about global economic growth. [businessrecorder.com]

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A Swiss rate cut dents the franc and Europeans go shopping — it's time for your FX Fix.

   
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