Markets

Dollar rises 1 percent on day versus Swiss franc

LONDON : The dollar rose 1 percent on the day versus the Swiss franc on Monday as risk aversion stemming from European p

Published September 19, 2011 Updated September 19, 2011 01:35pm

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By Imad Uddin

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The Swiss National Bank's action to cap gains in the euro/Swiss pair and expectations that the Federal Reserve will not resort to expanding its balance sheet also provided a short-term boost to the dollar.

The greenback rose to a session high of 0.8847 francs on trading platform EBS.

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