Swiss Franc ETF Jumps 6% After Fed Statement
August 09, 2011 at 14:38 PM EDT
An exchange traded fund pegged to the Swiss franc’s movements against the U.S. dollar rallied 6% on Tuesday after the Federal Reserve pledged to keep interest rates “exceptionally low” at least through mid-2013. CurrencyShares Swiss Franc Trust (NYSEArca: FXF) was up 6.1% in afternoon trading...