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.
(Market News Provided by FXstreet)