The Swiss Franc has faced challenges in the past year as Europe’s debt crisis caused the currency to appreciate against the Euro. The appreciation of the currency caused such economic difficulties in the country that the Central Bank, the Swiss National Bank, imposed a limit on the exchange rate last September 6th as the SNB announced it was willing to purchase unlimited amounts of foreign currency in order to keep the exchange rate with the Euro in line with a ceiling it set of 1.20 Swiss Franc per Euro. That ceiling was broken today for the first time and though…
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