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Factbox - What can the Swiss central bank do to stem the franc's rise?
ZURICH (Reuters) - Switzerland`s central bank is fighting to keep the value of the franc down as Greece enters a new period of uncertainty and political turmoil that may spur safe-haven inflows into the currency. The Swiss National Bank has given rare confirmation that it intervened on foreign-exchange markets to stem the franc`s rise, which is t...
USD/JPY Moves Down
USD/JPY is trading at 123.05, down 0.27. The pair is trading choppy and a little weak near the lows of the session during U.S. forex trading on Thursday. Market talk about headline news and U.S. economic data is making the rounds. Market chatter about possible outcomes of this weekend`s Greek vote and next weeks U.S. data is beginning to make the...
USD/CAD Extends Gains
USD/CAD is trading at 1.2620, up 0.0030. The pair has extended Wednesday`s gains into early U.S. forex trading on Thursday and is trading just under the highs of the session. Trading is expected to be very choppy. Market talk about U.S. economic data due out today is making the rounds. Market chatter about some sellers near 1.2680 is starting to ...
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