Bloomberg News

Swiss Franc Strengthens as SNB Revises Growth Forecast Higher

March 15, 2012

The franc strengthened against the euro and the dollar after the central bank raised its forecast for Swiss economic growth this year and kept its exchange-rate limit against the 17-nation currency in place.

The franc appreciated 0.3 percent to 1.20999 per euro at 8:34 a.m. London time. It strengthened 0.2 percent to 92.84 centimes per dollar.

Swiss gross domestic product will expand 1 percent this year, from a previous estimate for 0.5 percent growth, the SNB said today in a statement. It left its limit for the franc against the euro at 1.20.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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