U.S. Scrutinizes Swiss Currency Practices - The New York Times

The Treasury Department declined to label any country a currency manipulator, but singled out Switzerland as an offender in its semiannual foreign exchange report.

The real issue these days is the sharp dollar appreciation, which has clearly been generated by monetary policy divergences between a tightening Fed and others who are less aggressive, Mr. Sobel said… [+435 chars]

full article...