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Swiss dollar floats as gold link ends in cautious market
Swiss banks allow unrestricted dollar trading after severing the gold link. The dollar drifted, quoted near 4.05 to 4.00 Swiss francs, with markets open but no central intervention. European officials assess fallout from Nixon’s actions on currency and trade, while Japan pledges to keep the yen pegged to the dollar. London police may get shotguns.
MENTIONED IN THIS ARTICLE
London
Nixon
U.S
Swiss National Bank
The
European Common Market
Brussels
Japan
West Germany
Switzerland
Netherlands
Nto
United States
Europe