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USDCHF: Swiss Franc Affects Swiss Economy
As reported by Market Leader (US)
According to the survey involving managers of multiple Swiss companies, the strengthening of the Swiss Franc threatens the competitiveness of the Swiss economy.
According to the KOF report, numerous Swiss companies suffered from the strong national currency in 2011. The performance of numerous export-oriented companies suggests that the Swiss economy seems to be gradually falling into recession.
In the meantime, the Swiss Franc keeps strengthening. According to the Department of Masterforex-V Trading system, at this point USDCHF is in the process of forming sub-wave C(C ) inside a major downswing (wave A/B). Read more...
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