Franc Weakens Against Dollar, Euro After Report Currency Target Discussed
By Garfield Reynolds -
2011-08-14T20:33:11Z
The franc weakened after SonntagsZeitung reported over the weekend that the Swiss government and the central bank are in “intense” talks over setting a possible target for the currency, citing unidentified people close to the situation.
The franc declined to 78.26 centimes per dollar as of 5:32 a.m. in Tokyo from 77.79 on Aug. 12 in New York, and slid to 1.1166 against the euro from 1.1086.
The dollar bought 76.81 yen from 76.71 yen and was at $1.4266 per euro from $1.4248.
To contact the reporter on this story: Garfield Reynolds in Sydney at greynolds1@bloomberg.net
To contact the editor responsible for this story: Garfield Reynolds at greynolds1@bloomberg.net
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