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Thursday, March 12, 2009

Breaking News: CHF jumps more than 370 pts within 17 minutes only!

The Confederatio Helvetica Franc (CHF) jumps in the biggest movement due to the statement of SNB while cutting the Libor rate, saying that they began intervening the swissy to weaken it. Thus, the pair lost the most against the euro since the 16-nation currency debuted in 1999 and tumbled versus the dollar. Moving from 1.1590s into 1.1967 within 17 minutes only!

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