"Franc's not big on Judy," Mr. Herskowitz said, referring to Judy Garland, his favorite star.
On April 26, the Bank of France, confident about the franc's stability, lowered its key interest rate to 9.5percentt, its second quarter-point reduction in three weeks.
The French franc's final act is approaching fast.
BOOKS ON SLIDING SCALE.; French Publishers Will Regulate Prices According to Franc's Value.
PARIS TALKING OF NEW AMERICAN LOAN; Discussed in Connection With Franc's Recent Decline on Exchange Market.
Owing to the franc's undervaluation, the export industries in Flanders and Wallonia also were booming.
The Swiss franc's decline is thanks in part to the Swiss National Bank.
Switzerland in September 2011 capped the Swiss franc's rise at 1.2 to the euro.
This means that the franc's value will be permitted to vary within these limits.
More orthodox measures aimed at limiting the franc's rise have proved ineffective.
ABB, one of Switzerland's largest companies, recently described the franc's strength as a headache.
