Swiss Franc Falls on Tighter Cap Speculation; Dollar Fluctuates
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The Swiss franc fell against the euro by the most since the Swiss National Bank put a ceiling on its currency’s strength and dropped against the dollar amid speculation policy makers may impose a tighter target.
The dollar fluctuated against the euro as the Federal Reserve meeting is forecast to produce additional economic stimulus and the International Monetary Fund predicted severe global growth repercussions if Europe fails to contain the sovereign debt crisis. Swiss central bank spokesman Walter Meier in Zurich declined to comment when asked about speculation that policy makers may adjust the franc ceiling against the euro.