The single currency has strengthened rapidly after an unexpected message that the Swiss Central Bank sets a minimum rate of exchange at Chf1.2000 per euro. Euro / Dollar has made a sharp jump of about nine figures - from the field to Chf1.12 Chf1.2100. SNB staff added that, even at the rate of Chf1.2000, franc is overvalued and is a danger to the national economy. The pair continues to strengthen as the SNB has noted that the retention rate for selected near the mark, he is ready to use unlimited funds. Currently, the euro / franc steady at Chf1.2108.
