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EUR/CHF Daily Fundamental Analysis for August 04, 2011

posted by Avatar FXEmpire 654 days ago in EUR, CHF, Fundamental made popular 654 days ago

Swissy weakened strongly against its major counterparts and the EUR/CHF surged to the upside after the unexpected move from the Swiss National Bank in a new attempt to halt the franc’s rally.

In an unexpected move, the Swiss National Bank cut the target range for the three month Libor Interbank rate to 0.00-0.25% from 0.00-0.75% and also said it w
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