Weaker franc leads to speculation over future of SNB floor
Almost two years after it began to impose a minimum exchange rate on the Swiss franc to stem the currency's damaging appreciation at the height of the eurozone crisis in September 2011, the Swiss National Bank (SNB) has remained resolutely true to its word, buying as much foreign currency as necessary to keep EUR/CHF above 1.20.
But despite EUR/CHF trading only narrowly above the minimum rate for much of 2012, the franc has weakened considerably this year, with EUR/CHF reaching a high of 1.27 in
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