Friday, December 31, 2010

Swissie climbs to record high

The Swiss franc hit record highs versus the euro and the dollar on Thursday, bolstered by its safe-haven status and lower US bond yields in thin year-end trade that exaggerated price swings. The dollar weakened broadly, hitting a seven-week low against the yen and a 28-year low against the Australian dollar as traders took the falls in US bond yields as a cue to sell.

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