Swiss franc soars 29% against euro as minimum rate scrapped

The Swiss franc soars 29% against the euro as Switzerland's central bank ends a three-year bid to hold down the franc's value


London (AFP) - The Swiss franc soared 29 percent against the euro, after Switzerland's central bank said it was ending a three-year bid to artificially hold down the franc's value.


Minutes after the bank said it was removing its exchange rate floor of 1.20 franc to the euro, the france strengthened sharply to 0.8517.


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by via Business Insider