News & Analysis
All in all the euro maintained its now familiar range of 1.34 to 1.38
March 21, 2010, Sunday, 10:46 GMT | 06:46 EST | 16:16 IST | 18:46 SGT
All in all the euro maintained its now familiar range of 1.34 to 1.38 but saw bearish momentum from the Greek situation. The currency hit 17-month lows against the Swiss Franc at 1.4315 (just above the all-time low made back in Oct 2008 at 1.4297) after the SNB newest member Danthine said exchange rates should be guided by market forces, seeming to go against the SNB's well established policy of fighting CHF appreciation. After the currency reacted sharply, he later added that the standard SNB statement that the central bank will continue to fight excessive Franc strength 
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