Thursday, May 31, 2007

Swiss Franc Holds Near Two-Week High Versus Dollar as GDP Growth Quickens

(Bloomberg) -- The Swiss franc traded near its
highest in two weeks against the dollar after a report showed
first-quarter growth in the Swiss economy quickened faster than
estimated.

Switzerland's currency yesterday touched the highest versus
the euro in more than two weeks as falling global stocks caused
investors to dump riskier assets. A report today showed gross
domestic product in the Alpine economy rose 0.8 percent from the
fourth quarter. Economists surveyed by Bloomberg News had
expected 0.6 percent growth.


Read more at Bloomberg Currencies News

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