Swiss central bank acts on massively overvalued currency update

3rd August 2011, Comments 0 comments Update 09:30 ZURICH, SWITZERLAND - The Swiss National Bank reacted Wednesday morning 3 August to the rapid rise of the Swiss franc, calling it “massively overvalued” and saying it will “very significantly increase the supply of liquidity to the Swiss franc money market over the next few days.” “This current strength of the Swiss franc [...]

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