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No need for emergency Franc measures – Swiss President

FXStreet (Mumbai) - Switzerland’s President was on the wires today stating that there is no need to introduce emergency measures to help the economy deal with a rise in the value of CHF.

President Simonetta Sommaruga said the Franc “was not that strong anymore”. On Saturday, the Swiss National Bank chairman said that the central bank sees a low risk of a negative price and wage spiral and expressed hope that a recent slight depreciation in the CHF will continue.

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