Wednesday, July 29, 2009

UBS: the dynamics of the franc is a reflection of problems in the world economy

According to analysts of UBS, the Swiss franc, the dynamics of signals that the global economy is not all as good as many think. Reducing the volume balance of the Swiss banks, carried out by a sharp reduction in foreign assets, supported the Swiss franc. In addition, the stability of the franc is a reflection of the demand for asset-asylum. The bank believes that it is contrary to the growth in world markets and warned investors that this year is not all indicators of the desire for risk returned to the former position.

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