Excerpt from: Forex Forecast
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| April 02, 2009 | | Swiss National Bank warns that it may intervene further to keep franc weak in currency trading | The Swiss franc forex trading forecast is likely to be one of weakness. The Swiss National Bank has been making efforts to decouple the currency from its status as a safe haven. Additionally, the SNB is interested in maintaining franc weakness through this recession.
Last month, the Swiss National Bank made it clear that it is more than willing to keep the franc weak in currency trading. Today, officials with the SNB are again threatening direct intervention in order to keep the franc weak.
Other central banks may balk at direct intervention, but the Swiss are content to have a weak currency right now, and will do what it takes to keep the franc down.
| Topic Tags: currency trading, currency weakness, forex trading, forex trading forecast, franc currency trading, franc forex trading, SNB | |
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