Swiss franc expected to retrace its fall as ECB news sinks in

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The euro has rallied sharply against the Swiss franc following yesterday's announcement by the European Central Bank (ECB) of plans to buy the short-term bonds of eurozone economies to safeguard the future of the single currency, but foreign exchange strategies believe the franc will strengthen again in the near term.

EUR/CHF was trading at 1.2153 earlier today, although it has since retraced to 1.2086, according to data from Thomson Reuters. The rally is the first time the pair has moved

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