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The Swiss franc fall down against both the dollar and euro, exchange rate is 1.20 per euro by the swiss national bank USD/CHF hit 10.92 over the week and said that it will spend unlimited money to defend euro and dollar.
Switzerland’s central bank set a lowest exchange rate target of 1.20 swiss france per euro this massive overvaluation will give a high menace for the swiss economy and carried a risk of deflation. The Switzerland’s National Bank posed this minimum rates with the utmost determination and is able to buy foreign in bulk quantities.
The Next Week what will affect the market have listed by world-of-moneymarket so check this out which are as under check it out.
Monday, September 12
GBP/USD is going to downward move from 1.6453 and the decrease is as low as 1.5823
In The US FEDERAL Reserve Bank of Dallas President Richard Fisher is to speak on Monday for the future direction of monetary policy.
In The US FEDERAL Reserve Bank of Dallas President Richard Fisher is to speak on Monday for the future direction of monetary policy.
Tuesday,September 13
The U.S. is to release official data on import prices, an important inflationary indicator, as well as data on the federal budget balance.
Wednesday,September 14
Australia is to publish a report on consumer sentiment, an important indicator of consumer spending. The country is also to publish official data on housing starts. Switzerland is to release official data on producer price inflation, a leading indicator of consumer inflation.
Australia is to publish a report on consumer sentiment, an important indicator of consumer spending. The country is also to publish official data on housing starts. Switzerland is to release official data on producer price inflation, a leading indicator of consumer inflation.
In the U.S., Treasury Secretary Timothy Geithner is to speak; his comments will be closely watched by investors. In addition, the U.S. is to release government data on producer price inflation, crude oil stockpiles, business inventories and retail sales, the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
Thursday, September 15
Thursday, September 15
The Reserve Bank of New Zealand is to announce its benchmark interest rate. The announcement will be followed by a closely watched press conference to discuss monetary policy. Meanwhile, Australia is to publish data on inflation expectations, and new vehicle sales, important indicators of economic health. The U.S. is to publish a string of data, with government reports on consumer price inflation and the nation’s current account, as well as the weekly report on initial jobless claims. The country is also to publish official data on manufacturing activity in New York and Philadelphia in addition to reports on industrial production and the capacity utilization rate.
Friday September 16
The U.S. is to round up the week with official data on the balance of domestic and foreign investment in U.S. The euro zone is to publish data on the region’s currenct account and trade balance.
