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Recent Euro Exchange Currency News:
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The Swiss franc tumbled, dropping the most ever against the euro, after the central bank imposed a ceiling on the currency’s exchange rate and said it will defend the target with the “utmost determination.”
Seismic movements rippled through the euro zone Tuesday, after an announcement in the morning that the Swiss central bank would set a minimum limit for the exchange rate of its currency sent stocks higher and the euro soaring against the franc. European stocks ended a painful two-day stretch while the U.S. market was closed for Labor Day, seeing stocks fall more than 6% in that time.
Burmese President Thein Sein took a brave step to move his country forward by admitting recently that the kyat was in crisis and the country's currency-exchange regime - the core of its economic problems for decades - badly needed reform and restructure.
The Swiss central bank should be able to defend its ceiling on the franc’s exchange rate if the currency target it imposed in 1978 is any guide, said Geoffrey Yu, a foreign-exchange strategist at UBS AG.
Seismic movements rippled through the euro zone Tuesday, after an announcement in the morning that the Swiss central bank would set a minimum limit for the exchange rate of its currency sent stocks higher and the euro soaring against the franc. European stocks ended a painful two-day stretch while the U.S. market was closed for ...
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