Wednesday, 27 July 2011

Swiss KOF Leading Indicator for July

Swiss KOF Leading Indicator for july is lower than previous month and is the lowest since Feb 2010. As we mentioned in the earlier article on Swiss CHF as a safe haven yesterday noted that the expensive currency will eventually hurt it's own economy. The reading today really show signal that the overall economy is really hurt and damaged by their own expensive currency. We do expect the Swiss National Bank to intervene anytime soon before it gets out of hand.

Renomic

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