Bloomberg News

Swiss Franc Falls on Report Central Bank Remains Ready to Act

November 07, 2011

Nov. 7 (Bloomberg) -- The Swiss franc declined against the dollar and the euro after central bank President Philipp Hildebrand said policy makers remain ready to act in case the franc’s strength threatens the country’s economy, in an interview published by NZZ am Sonntag.

The Swiss currency fell to 88.79 centimes per dollar as of 6:37 a.m. in Tokyo, from 88.47 on Nov. 4 in New York. It dropped to 1.2273 versus the euro from 1.22.

To contact the reporter on this story: Candice Zachariahs in Sydney at czachariahs2@bloomberg.net

To contact the editor responsible for this story: Garfield Reynolds at greynolds1@bloomberg.net


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