Market Moving News: USD/CHF - Dec 14

14 December 2009 @ 01:05 am EDT

Usd/chf - 1.0255 ... SNB's Thomas Jordan said the central bank does not have a target level for intervention n added SNB has spent around 40 billion francs on FX intervention sine launching its currency policy to stem Swissie strength. The greenback retreated against the Swiss franc fm 1.0303 to around 1.0247 in part due to cross unwinding in chf (eur/chf dropped fm 1.5133 to 1.5110).

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