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

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