Swiss Franc Falls with Slower Economic Growth
The Swiss franc fell against the U.S. dollar today as the decrease of the investment and the government spending caused the deceleration of the economic growth.
The Swiss gross domestic product grew 0.4 percent in the first quarter of this year, compared with the growth of 0.9 percent in the fourth quarter of the last year. Nevertheless, the Swiss economy steadily recovers from the economic recession, boosted by the exports.
USD/CHF traded near 1.1673 as of 11:27 GMT today, rising from the opening price of 1.1545.
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Earlier News About the Swiss Franc:
- Franc Driven Down vs. Euro by Efforts of Central Bank (2010-05-21)
- Central Bank May Prevent Swiss Franc's Appreciation (2010-05-14)
- Swiss Franc at Record High Level Against Euro (2010-05-06)
- Swiss Franc's Appreciation Contained by Central Bank (2010-04-30)
- Franc Falls Versus Euro as SNB Attempts to Prevent Appreciation (2010-04-14)