Swiss National Bank: Forex intervention likely in the coming weeks

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The Swiss National bank had surprised the markets last week after it decided to charge negative deposit rates at -0.25% on sight deposits held at the Central Bank. The move was triggered largely due to capital inflows from the crisis ridden Russia as Russian investors fled to safety. This sudden influx of capital put upward pressure on the Swiss Franc, which prompted the SNB to make it less attrac...

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