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Transcripts For WTXF Good Day Philadelphia At 9 20160120
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Its called a tsunami move. The swiss bank stunning markets overnight scrapping the peg against the euro sending its currency soaring up 10 against the dollar now, but it was up as much as 30 right after that announce. Check this out. Gold moves on the swiss move this morning. The last trade on the gold market is up 28. 5 on the trading session. Sarah eisen is following the story for us here with the move that stunned markets all the way around the world. Shocking policy uturn. This is what happened. The peg, were talking about, was put in place three and a half years ago to keep the swiss frank from being too strong hurting exports, a key part of the economy. This goes back to the european debt crisis three and a half years ago when people just could not get enough of the swiss franc. What they did, they got rid of it today. Why . It was becoming very costly. It was reeking havoc on the Balance Sheet of the central bank, building up more than 500 franc in reserves defending the line in
Every us actually, well, quote unquote, dry. For the time being but man muggy outside. Actual area temperatures. Mid 70s around the board, where dew points are right now, too, it means translate into pretty oppressive humidity both today and tomorrow we are going to see sunshine along the way, will help heat things up. So the beach may not be the worse place to head. Rip currents risk is low once again, great to hear, but do you have to keep in mind, that we are going to be dodging that shower or thunderstorm chance, mainly later today, not just at the beaches, but shooting for eight an at the shore, and like i said, in the sit of philadelphia, it will probably get little hotter with the sunlight in the urban heat island effect that we tends to get. So expect mid upper 80s but at some point we spoke to 09 degrees, so it will be pretty hot, steamy day to say the least. Ukee, back to you. Thanks for the heads up. Happening today, philadelphia marks labor day with a parade through south p