The dollar found support below 1.0750 against the franc on Thursday, but still found it difficult to make strong headway with gains capped just above 1.0850.
National Bank member Jordan again warned that the bank stood ready to intervene if necessary in the market if the franc threatened to make renewed gains. The Swiss currency weakened temporarily, although it resisted heavy selling pressure.
The franc will tend to gain some degree of support if there is a sustained deterioration in international risk appetite and weaker stock markets helped it gain ground in
By: Darrell Jobman
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