Thursday, March 12, 2009

Swiss declare war on currencies

http://www.ft.com/cms/s/0/a9ec76dc-0f40-11de-ba10-0000779fd2ac.html?nclick_check=1
Swiss action sparks talk of 'currency war'

The Swiss National Bank moved to weaken the Swiss franc on Thursday, the first time a big central bank has intervened in the foreign exchange markets since Japan sought to weaken the yen in 2004.