(Bloomberg) -- The Swiss franc may rise to a 16-year
high versus the yen on speculation quickening economic growth and
inflation will prompt Switzerland's central bank to raise
interest rates at a faster pace, according to Dresdner Kleinwort.
The franc has risen versus 11 of the 16 most actively traded
currencies in the past week, buoyed by speculation the Swiss
National Bank will raise rates by more than forecast to check
faster expansion and inflation. SNB President Jean-Pierre Roth
said June 4 the franc's weakness was of a ``passing nature.''
Read more at Bloomberg Currencies News
high versus the yen on speculation quickening economic growth and
inflation will prompt Switzerland's central bank to raise
interest rates at a faster pace, according to Dresdner Kleinwort.
The franc has risen versus 11 of the 16 most actively traded
currencies in the past week, buoyed by speculation the Swiss
National Bank will raise rates by more than forecast to check
faster expansion and inflation. SNB President Jean-Pierre Roth
said June 4 the franc's weakness was of a ``passing nature.''
Read more at Bloomberg Currencies News
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