Swiss bulls stand at the ready for an SNB intervention. Speculation is rife that it will come soon and recent data pointing to a slowing down of the Swiss economy may hasten the decision. Yesterday, it was reported that the pace of Swiss manufacturing slowed in January, even as the frail Eurozone showed an unexpected improvement. Today’s economic data shows a decline in Swiss exports in December, with real exports falling by 1.6%, primarily attributed to waning demand as well as a still-too-strong Swiss Franc. Read more
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