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Swiss franc soars 29% against euro

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The Swiss franc soared 29 per cent against the euro, after Switzerland's central bank said it was ending a three-year bid to artificially hold down the franc's value.

[LONDON] The Swiss franc soared 29 per cent against the euro, after Switzerland's central bank said it was ending a three-year bid to artificially hold down the franc's value.

Minutes after the bank said it was removing its exchange rate floor of 1.20 franc to the euro, the france strengthened sharply to 0.8517.

AFP

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