Home Breadcrumb caret Economy Breadcrumb caret Economic Indicators Breadcrumb caret Industry Breadcrumb caret Industry News Swiss franc tumbles on profit booking A wave of sell-off hammered the Swiss franc, which tumbled to its lowest in 20 months. A result of currency traders moving quickly to capitalize on improved sentiment in Europe, the franc’s fall has led many to believe the Swiss National Bank could unload some of its large cache of foreign currency to book profit […] By Staff | January 18, 2013 | Last updated on January 18, 2013 1 min read A wave of sell-off hammered the Swiss franc, which tumbled to its lowest in 20 months. A result of currency traders moving quickly to capitalize on improved sentiment in Europe, the franc’s fall has led many to believe the Swiss National Bank could unload some of its large cache of foreign currency to book profit from the currency moves, says a report in the Financial Times. The euro has continued to gain against the franc since the return of global risk appetite in the wake of the ECB’ improved outlook for the eurozone last week. Also read: ECB holds rates at record low Are investors ready for more risk? To hedge, or not to hedge? Demise of penny will cost taxpayers Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo