51. GFX initially will trade British pounds, German marks, Japanese yen and Swiss francs. 52. He advises American investors to keep some assets out of the country, in a safe currency like German marks or Swiss francs, as an insurance policy. 53. If the euro weakens against the Swiss franc, Sulzer bears the currency loss. 54. Import prices fell in the month as the Swiss franc appreciated against most other currencies. 55. In currency markets, most trading was between the deutsche mark or the Swiss franc and the yen, rather than the dollar, traders said. 56. In other trading, the dollar also surged to multiyear highs against the Swiss franc, the French franc and Italian lira. 57. In other trading, the Swiss franc rose against the mark amid concern that Russian President Boris Yeltsin is facing health problems. 58. In other trading, the Swiss franc slid further against the dollar and the mark amid doubts about the prospects for European monetary union. 59. In Switzerland, the market came under strong pressure from foreign competitors as the Swiss franc rose against other currencies, Schmidheiny said. 60. In other trading, the dollar rose to six-week highs against the British pound, Swiss franc and French franc. |