Switzerland’s central bank might be forced to intervene to stem the franc’s rise, and risk angering the U.S.
The Swiss franc has climbed to its highest level against the euro in more than four years, leaving Switzerland’s central bank with a dilemma: do nothing and potentially damage the economy, or intervene to curtail the rise and risk angering the U.S.
The Swiss National Bank has so far kept mum on its intentions and investors are torn. Some seem convinced the franc will keep rising: Hedge funds betting on further strengthening have increased their net long positions since the start of the year, according to data on futures markets...
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