12/25/2008
European foreign exchange markets the Swiss franc against the euro in the light of market conditions down to put an end to a week-long rise
Reuters, Zurich, Dec 23 - --- Swiss franc against the euro Tuesday fell in early trading in Europe, the termination of a week-long rise, as a result of the euro against most major currencies in thin pre-Christmas trading in up.0748GMT, the Swiss franc against the U.S. dollar against yesterday's New York closing level or 0.3 percent, the newspaper 1.5295 Swiss francs.Swiss franc against the euro since December 15 has gained a total of nearly 3% of the market that the European Central Bank (ECB) will cut interest rates further in order to reduce the relationship between Switzerland and the euro-zone interest rate."As the ECB's action has been lagging behind other major central banks, so the central bank in the near future there may be more than the central bank to cut interest rates, which should make the euro fell under pressure in the future." Swiss Life Asset Management's team of analysts in the report that .
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