Friday, May 27, 2011

will swiss bank intervene may 27 2011

will swiss bank intervene may 27 2011 : YOU MIGHT have thought Eurozone politicians would welcome the latest phase of the currency union's rolling crisis. It's sent investors running for cover – to "safe haven" currencies like the Swiss Franc, which hit a record high of €1.23 this week, writes Adrian Ash at BullionVault.

You'd think the politicians would thank even the worms and vultures of the financial markets, for helping to drive the single currency lower by selling it for Dollars, Sterling, Yen and – of course – Swiss Francs.Read More...
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