(Bloomberg) -- The Swiss franc posted its biggest
advance in more than a week on speculation faster manufacturing
growth may prompt the central bank to raise lending rates,
reducing the appeal of so-called carry trades.
The currency rose for a second day versus the euro after
Credit Suisse Group said an index based on a survey of about 200
executives rose to 62.8 from 58.9 in May. Economists forecast a
gain to 59.9, according to the median of 12 estimates in a
Bloomberg News survey.
Read more at Bloomberg Currencies News
advance in more than a week on speculation faster manufacturing
growth may prompt the central bank to raise lending rates,
reducing the appeal of so-called carry trades.
The currency rose for a second day versus the euro after
Credit Suisse Group said an index based on a survey of about 200
executives rose to 62.8 from 58.9 in May. Economists forecast a
gain to 59.9, according to the median of 12 estimates in a
Bloomberg News survey.
Read more at Bloomberg Currencies News
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