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Franc overvalued, negative rates useful – SNB’s Jordan

FXStreet (Mumbai) - Swiss National Bank’s (SNB) Jordan in an interview with a newspaper once again said the CHF is overvalued and cheered the efficiency of the negative rates.

Key Quotes

Franc remains significantly overvalued

Convinced that SNB market intervention fulfilling purpose to weaken Franc

Capital flows into Switzerland are less strong than before

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