Swiss Franc Nears Parity With Euro

Discussion in 'Wall St. News' started by ASusilovic, Aug 2, 2011.

  1. ZURICH—As the specter of the Swiss franc reaching parity with the euro looms ever larger, the alarm bells and calls for help from Switzerland's businesses are growing more shrill.

    The franc hit all-time highs versus the euro and dollar on Tuesday as markets eyed widening Spanish and Italian bond yields and rushed to the safety of the Swiss currency. The euro was trading at around 1.1057 francs during European afternoon trading, off an earlier all-time low at 1.0985 francs.