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Swiss Franc Falls with Slower Economic Growth

June 1, 2010 at 13:30 by Vladimir Vyun

Swiss francThe Swiss franc fell against the U.S. dollar today as the decrease of the investment and the government spending caused the deceleration of the economic growth.

The Swiss gross domestic product grew 0.4 percent in the first quarter of this year, compared with the growth of 0.9 percent in the fourth quarter of the last year. Nevertheless, the Swiss economy steadily recovers from the economic recession, boosted by the exports.

USD/CHF traded near 1.1673 as of 11:27 GMT today, rising from the opening price of 1.1545.

If you have any questions, comments or opinions regarding the Swiss Franc, feel free to post them using the commentary form below.

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