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Greek turmoil casts shadow over forex market

From Sweden to Switzerland, central banks are battling to contain appreciation of their currencies versus euro; BOE's moves towards higher rates are also likely to be hampered
Wednesday, July 8, 2015 - 05:50
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As the stand-off between Greece and its creditors intensified, the Swiss National Bank (above) confirmed in June that the central bank sold francs to limit the currency's advance.

London

GREECE'S debt turmoil has found a favourite conduit for spreading contagion: the US$5.3 trillion-a-day foreign-exchange market.

From Sweden to Switzerland, central banks are battling to contain an appreciation of their currencies versus the euro. Greek risks are also