With sterling, the euro and the US Dollar all beginning the month in the same fashion as August, I have turned my focus to a somewhat overshadowed currency in our daily newsletter; the Swiss Franc. A two year roll seems to be continuing as concern grows over the stability of its fellow nations. So, where will it end? When the global recession passes most likely, but the exporters in Switzerland hope it will come much sooner. Central Bank members will be sweating buckets urgently racking their brains in search of a solution. For now though, the franc rolls on.
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