Artist's commentary
1 Franc ≈ 94 Yen
The deteriorating European economy kept exchanging for Japanese Yen as it was announced at the beginning of the week that the bankruptcy of the Lehman Brothers spread financial anxiety in the United States, forcing investors to trade away the Dollar. Many bought the Swiss Franc as it was billed as a refuge for the declining Dollar, but since more people bought the Japanese Yen which had less financial anxiety, 1 Swiss Frank was temporarily worth 92 Yen. After this, the FOMC announced that the federal funds rate would remain at 2%, so people returned to the Dollar, while the Swiss Franc continued to hover around 94 Yen as of 6:00am on the 17th. ／／
(9/18 Postscript) Thank you for 131st place on the daily rankings. By the way, it went up at 1 Franc to 96 Yen as of 9:30pm...