Swiss Ministers Seek More Depreciation of ‘Strong’ Franc

Posted by Forexsq 447 days ago (http://www.bloomberg.com)
img Swiss ministers said the franc’s strength remains a concern even after its recent slide against the euro to the weakest in 20 months.

“Euphoria is misplaced” and more depreciation is needed, Finance Minister Eveline Widmer-Schlumpf told reporters at the World Economic Forum in Davos, Switzerland on Jan. 26. “The franc is still very strong.”

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