UPDATE 1-For Swiss franc, only way to go may be up as central bank steps back
A strong currency that
hurts exports and risks deflation, or a weak one that hobbles
banks and annoys the U.S. — that’s the choice Switzerland
faces. For now, at least, it seems to have picked the former.
hurts exports and risks deflation, or a weak one that hobbles
banks and annoys the U.S. — that’s the choice Switzerland
faces. For now, at least, it seems to have picked the former.
Posted by Reuters
