Swiss franc reached record against the dollar and euro
Before I finally go on New Year's holidays, I would like to share positive news with our customers, which is well articulated in the report of the financial agency AFP:
course the Swiss franc during trading on Dec. 30 has reached historic highs against the dollar, euro and British pound. The euro fell below $ 1.24 franc, the dollar - up to 0.9374 francs, a pound - up to 1.4525 francs.
franc rose against the dollar during the session at 0.9 percent, while the euro - on 0,8 percent. The rise of the Swiss currency is explained the rise in world markets in general, amid reports of continued growth in Chinese industry.
growth rate franc complicates the situation for Swiss producers who suffer losses because of the expensive currency. However, the Central Bank of the country due to the historically lowest refinance rate no leverage to In order to prevent the strengthening of the franc.
According to experts' forecasts, due to lower export volume growth in Switzerland has fall from 2.7 percent in 2010 to 1,5 percent in 2011.
I'd add: transaction franc yielded 2% of the profits from the total capitalization of the fund.
0 comments:
Post a Comment