Western Union notes:
The Swiss franc firmed after Switzerland's central bank left its key rate unchanged at -0.75%. Officials though dubbed the franc as overvalued, suggesting a low tolerance of further appreciation which would increase an already strong headwind on the export-powered Alpine economy.
Any worsening in the Greek crisis could thrust the central bank to lower rates further below zero to weaken the franc.
Commentary
CHF review
Western Union notes: The Swiss franc firmed after Switzerland's central bank left its key rate unchanged at -0.75%. Officials though dubbed the franc as overvalued, suggesting a low tolerance of further appreciation whic…
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