Swiss govt says its ready to intervene, but cautions against short-term reaction

9th August 2011, Comments 0 comments BERN, SWITZERLAND - The Swiss Federal Council says it is closely watching the record high Swiss franc situation, studying options and is ready to act if necessary, but it cautions against knee-jerk reactions that provide only short-term solutions. It issued a cautious statement Tuesday morning 9 August about the extraordinary meeting held by the governing [...]

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