Markets

Swiss franc soars 29pc against euro

Published January 15, 2015 Updated January 15, 2015 10:10am

1 min

By Parvez Jabri

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LONDON: The Swiss franc soared 29 percent against the euro, after Switzerland's central bank said it was ending a three-year bid to artificially hold down the franc's value.

Minutes after the bank said it was removing its exchange rate floor of 1.20 franc to the euro, the france strengthened sharply to 0.8517.

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