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Switzerland GDP Justifies Safe-Haven Status, SNB Will Lose Fight To Weaken CHF
After the Swiss National Bank decided not to announce any fresh measures to counter CHF strength yesterday, the currency has been on a rampage higher – with markets keen to test policymakers’ resolve and take advantage of pretty decent prevailing entry levels against the EUR and USD. As if traders needed any further encouragement to buy CHF, this morning’s Q2 GDP reading highlighted the stark... ...More...
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