SNB fails to curb the franc’s strength
Fueling the trade conflict, Donald Trump creates problems not only for the Fed, but for other world’s central banks as well. First of all, this affects the central banks of Japan and Switzerland. Their currencies are thought to be safe-havens, and they are getting more attractive for investors. So, both the BoJ and the SNB are facing a dilemma: whether they should intervene in forex and (or) lower the interest rates or they are to stay passive, being afraid to be labeled a currency manipulator by the U.S.
The problem is especially difficult...
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