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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.

Bank of Indonesia expected to remain ‘on hold’ – BBH

Analysts at BBH sees the Bank of Indonesia leaving the benchmark rate unchanged at 7.5% at its meeting this week...
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EUR/USD stuck in a 20-pip range

The EUR/USD has been restricted in a narrow range of 1.1360-1.1380 in the last couple of hours as the trading interest remains low on account of a holiday in the US.
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