Posts Tagged ‘Global Economic Issues’

CWOC and Swiss Franc

Saturday, January 14th, 2012

The Commonwealth Opportunity Capital (CWOC) predicts that “the Swiss franc should remain a safe haven for European capital flight.”  As well, according to a recent article in the Financial Times on line, “the Swiss franc’s safe-haven status will increase the Swiss National Bank’s international influence.”  No-one is sure exactly what is going to happen with this currency, since recently, along with the yen it “weakened against most of their major counterparts on evidence of recovery in the world’s largest economies, supporting demand for higher- yielding assets.”  The franc also depreciated 1.1%, following another decline which was anyway at an already weak low.  Reagan Silber is president and co-founder of the CWOC.

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