SNB: overvalued Franc continued to weigh on the economy

Note: This section contains information in English only.
Source: RTTNews
On Friday, chairman of the Swiss National Bank, Thomas Jordan, said in his speech that the Swiss Franc was still high, weighing on the country's economy. He also reaffirmed that the minimum exchanged rate would be left, since the reasons behind its introduction were still valid. Furthermore, he said that the bank attempted to minimize the risks by suitable diversification.
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Fri, 16 Nov 2012 13:13:14 GMT

Rand Appreciated after Failing to Break through Resistance Level

The Rand appreciated for the first time this week as its biggest weekly decline in November didn't manage to break through the resistance level of 9 rand per dollar. South Africa's currency gained 0.3% against the Dollar on Friday and traded at 8.9043 per dollar in Johannesburg. The currency declined 2.2% this week, the biggest loss in six weeks.

Fri, 16 Nov 2012 18:02:05 GMT

Treasuries higher before output data

On Friday, treasuries were traded higher and headed towards the fourth weekly gain, as an upcoming report is widely expected to show a decrease in U.S. industrial output, amid increased demand for safer assets on fiscal cliff. The yield on benchmark 10-year government bonds declined by 1 basis points, reaching a level of 1.59% by 8:52 a.m. in London.

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