Swiss Vote Against Negative Interest Rates
- gregmikefx
- December 21st, 2011
The Swiss Parliament voted against a motion for the government to create a legal framework for negative interest rates. This runs counter to the comment earlier from the Swiss Finance Minister who said they were exploring the use of negative interest rates to help decrease the value of the CHF.
The $EURCHF dips on the news but remains above the support at the 1.2204/09 area.
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Lydia Idem has been investing in equities for 16 years and trading currencies actively for 5 and a half years. Her trading style is simple and short term. With a special feel for sterling, Lydia trades almost exclusively the GBPUSD and EURGBP. You can follow Lydia on Twitter and StockTwits... (more) -
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