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No need for emergency Franc measures – Swiss President

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - Switzerland’s President was on the wires today stating that there is no need to introduce emergency measures to help the economy deal with a rise in the value of CHF.

    President Simonetta Sommaruga said the Franc “was not that strong anymore”. On Saturday, the Swiss National Bank chairman said that the central bank sees a low risk of a negative price and wage spiral and expressed hope that a recent slight depreciation in the CHF will continue.
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