By Candice Zachariahs
Dec. 17 (Bloomberg) — The Swiss franc may rise 8 percent against the euro by the end of next year as a recession in the industrialized world spurs buying of the currency, Bank of America Corp. said.

The euro shrugged off a spate of disappointing economic releases and instead continued its rally throughout the US trading session thanks to unexpectedly aggressive monetary policy actions by the Federal Reserve.

By Stanley White
Dec. 17 (Bloomberg) — The dollar fell toward a two-month low against the euro after the Federal Reserve cut its target interest rate to as low as zero, making the greenback the lowest-yielding currency among industrialized nations.

Written by Terri Belkas, Currency Strategist
US Dollar Dives on Federal Reserve’s Aggressive Rate Cut, Teetering Above Key Support
The US dollar plummeted across the majors on Tuesday as the Federal Reserve cut the fed funds rate more than expected, while signaling that interest rates will stay low for “some time.”

By Vivianne Rodrigues
NEW YORK, Dec 16 (Reuters) - The U.S. dollar tumbled versus the euro and the yen on Tuesday after the Federal Reserve cut its benchmark interest rates more than expected to a record low, further diminishing the appeal of the greenback.

By Herbert Lash
NEW YORK, Dec 16 (Reuters) - U.S. stocks jumped 5 percent while the dollar tumbled and U.S. government debt yields slipped to fresh historic lows after the Federal Reserve surprised investors and cut interest rates to a range that includes zero percent.