Counter-order, the Swiss franc is now liked strong: barrier against inflation

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The franc strengthens further and the sharp 1 to 1 against the euro is now very close. On the one hand, the franc continues to be sought after as a safe haven asset by both foreign and Swiss investors. On the other hand, the Swiss National Bank – which has remained on the line of purchases of foreign currencies for a long time to curb the Swiss currency – according to many analysts and operators in the Red Cross area is now instead intervening little or nothing on the market. According to this widespread interpretation, the SNB …