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Currencies – Swiss Franc Gains on Safety Demand, Rates Outlook

Posted on: May 5, 2011

The Swiss franc against most major currencies as stocks and commodities declined and on speculation that the central bank will raise the interest rates. The Standard & Poor’s 500 Index dropped 0.7 percent, while the Thomson Reuters/Jefferies CRB Index of raw materials lost 1.8 percent. The inde

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