News of Switzerland
20 January 2018
Theme: Economy
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Swiss franc could hit 1.22 by year end, according to economists
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At the same time they point to risks that could send the currency in the opposite direction, such as the election in Italy, Brexit negotiations and uncertainty surrounding government in Germany.
The Swiss National Bank (SNB) abandoned its Swiss-franc-euro exchange rate cap of 1.20 in 2015 under market pressure. Since then the bank has bought lots of foreign assets to restrain the strength of the ...