Dollar rises to 1-month high vs Swiss franc

LONDON, Oct 27 (BestGrowthStock) – The dollar rose to a one-month
high against the Swiss franc on Wednesday as the U.S. currency
gained broadly after a report that the Federal Reserve will
unveil plans for only gradual Treasury purchases next week.

The Wall Street Journal said the Fed is likely to reveal a
programme of U.S. Treasury bond purchases worth several hundred
billion dollars over several months. [ID:nTOE69Q02H] The report
helped the dollar extend Tuesday’s broad correction higher.

The dollar rose 0.5 percent to 0.9894 francs (CHF=: ), its
strongest since around September 23.

(Reporting by London Forex team)

Dollar rises to 1-month high vs Swiss franc