UPI.com, 29 Jun 2009, MARTIN WALKER
ZURICH, Switzerland, June 29 (UPI) -- The Swiss franc is not what it used to be, and the country's central bank last week decided to break with tradition and intervene directly in the currency markets.
Other countries manipulate their currencies as a way to help their economies all the time. Selling your own currency into the markets lowers its price, which can help keep export prices low and make imports more expensive. That is what U.S. Treasury Secretary Tim Geithner accused China of doing during his Senate confirmation hearings earlier this year.
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