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JPY Daily News
SNB Continues to Campaign for a Weak CHF
Monday, 14 Nov 2011
The SNB's campaign of jawboning against CHF strength has continued. The Swiss Economy Minister commented that the currency continues to be massively overvalued, particularly when measured against purchasing power parity.
While the tough talk by SNB is admirable, the CHF will not weaken on its own given the renewed pressure coming from the euro zone. Over the past two weeks the flair up of tensions in both Greece and Italy have made the European situation unstable. With instability comes increased volatility and reduced market sentiment could bring traders to once again use the CHF as a safe haven currency.
Current Time: 05/26 23:17 GMT
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 11/14 | ||||||||
| 04:30 | JPY |  Revised Industrial Production | m/m | -4.0% | -3.8% | -3.3% |  | |
