RTRS: Euro/Swiss up 3 pct on report SNB may set target
The euro extended its rally against the Swiss franc to more than 3 percent on Monday after a Swiss newspaper report said the Swiss National Bank is poised to set a limit for the euro-Swiss franc exchange rate and will use all means to defend it.
The target was likely to be a little over 1.10 francs per euro so that the SNB can gradually raise it, the SonntagsZeitung said on Sunday.
The euro surged 3.3 percent to 1.14400 , pulling further away from a record low of 1.00750 franc hit last week on trading platform EBS.
The dollar also rallied against the Swiss franc, surging 2.7 percent to 0.79883 . (Reporting by Masayuki Kitano)
