NEW YORK/LONDON, March 21 - The dollar rose on Thursday as the strength of the U.S. economy and high interest rates along with a surprise move by the Swiss National Bank to cut interest rates bolstered risk sentiment and the global appeal of the greenback.
"The flow of currency into the United States remains essentially unstoppable at this point given the optimism around where the U.S. economy is headed. The Swiss franc fell sharply against the dollar and sank to its weakest point since last July against the euro, after the SNB unexpectedly cut rates. "It's the first central bank in the developed world to ease, so that shows the direction where the others are going," said Jan Von Gerich, chief analyst at Nordea.
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Source: Financial Digest (financialdigest.net)
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