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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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EconoTimes — Reading the Times. Understanding the Future.

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.

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