Dollar Hits Low Against the Swiss Franc

Filed in commodities, currencies, euro, Gold, New Gold, o, silver, swiss franc by on December 28, 2010 0 Comments

Filed under: Market Matters , Currency Three intermarket commodities are on the move today. The Financial Times reported that the U.S. dollar hit a low against the Swiss franc. Why is this noteworthy? First the Swiss franc is a separate currency, not part of the euro. With Europe in disarray, the only safe currency is the Swiss franc. Anyone wanting to hedge against the eurozone getting worse would buy the Swiss franc. On the futures market, the March Swiss is trading at 1.05610, up 0.0138 (9:20 EDT). The March U.S. dollar is trading at 80.18, down 0.49. Continue reading Dollar Hits Low Against the Swiss Franc Dollar Hits Low Against the Swiss Franc originally appeared on BloggingStocks on Tue, 28 Dec 2010 11:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Dollar Hits Low Against the Swiss Franc

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