The Swiss franc was little changed after it dropped yesterday as the rally of stocks caused investors to turn their attention from the safe currencies to the The Swiss franc extended its gains today as concerns that the European banks would struggle to raise funds after their ratings were downgraded by the rating agencies increased the demand for the Swiss currency as the safe haven.
higher-yielding ones.The Swiss franc rallied today versus the US dollar on the speculation that the declining house prices would prompt the Federal Reserve to keep the interest rates near zero.
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