Dollar rises more than 2 percent vs Swiss franc | Reuters


Dollar rises more than 2 percent vs Swiss franc | Reuters

NEW YORK | Tue Nov 1, 2011 9:04am EDT

NEW YORK Nov 1 (Reuters) - The U.S. dollar rose more than 2 percent versus the Swiss franc on Tuesday, hitting a nearly two-week high, as the market went into full distress mode after Greece's unexpected call for a referendum on a bailout package.

The franc is also a safe-haven currency just like the dollar, but the greenback is getting the upper hand right now, benefiting from its gains versus the euro.

The dollar rose to 0.89610 franc on trading platform EBS, its highest since October 20 and was last at 0.89463, up nearly 2.00 percent.

Source http://feeds.reuters.com/~r/reuters/USdollarreportNews/~3/y4tXJgm-1sc/markets-forex-swiss-idUSN1E7A00AZ20111101



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