Thursday, 20 August 2015

Swiss economic minster says franc is "very strong"

Comments out on the wires speaking to Bloomberg tv

  • strong franc is a challenge
  • hopes CHF will weaken to 1.1000 vs EUR
  • says EURCHF should move toward 1.2200
No reaction so far. First time specifics have been mentioned, albeit wish-list
In the end though it's the SNB not the govt who set policy

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