Swiss business lobby urges Swiss National Bank to act fast against franc (CHF) strength ...Middle East

ICYMI, Bloomberg (gated) with the report, on Swissmem (the country’s biggest lobby group for manufacturers):The Swiss National Bank must do something fast to keep the franc’s strength from hurting exporterssudden appreciation in the currency is threatening a vulnerable recovery for overseas sales seen in recent monthsdidn’t offer a view on what tools the SNB should deployThe SNB has cut rates twice the year. Its expected to cut again next monthps. While the chart is USD/CHF there is just as much, if not more, concern about CHF strength against the EUR. This article was written by Eamonn Sheridan at www.forexlive.com.

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