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Franc Falls After Minister Says Considering Capital Controls

The franc fell against the euro and the dollar after Finance Minister Eveline Widmer-Schlumpf said a panel is considering measures, including capital controls and negative interest rates, to weaken the Swiss currency.

The franc fell 0.3 percent to 1.2218 per euro at 4:17 p.m. London time, and 0.6 percent to 93.77 centimes per dollar.

Widmer-Schlumpf was speaking at a hearing in the Swiss parliament’s lower house today.

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