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Currency war fears after Swiss devaluation

Posted on 13 March 2009

From Dailymail.co.uk: Analysts have warned of the emerging threat of currency wars following a Swiss market intervention. The Swiss franc fell by as much as 3.2 per cent against the euro to 1.53 - the biggest decline since 1999 - after the country’s central bank said it was taking deliberate measures to weaken its currency.

The move raises fears of retaliatory measures by other countries seeking to give their exporters a competitive edge….. Full Article: Source


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VRS - who has written 37629 posts on Opalesque Commodities Briefing.


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