After the announcement of the floor in the EUR/CHF pair, many predicted the Swedish and the Norwegian Krone to take the place of the Swiss Franc as European save-haven against the Euro turmoil (http://on.ft.com/pKSJ1V). Both countries possess a low level of debt, positive trade balance and very competitive economies.
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SNB Sight Deposits: decreased by 2.4 billion francs compared to the previous week
1 day ago -
Gold finds some support at $2,660, with upside attempts limited
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Main SNB Background Info
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SNB Sight Deposits: decreased by 2.4 billion francs compared to the previous week
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The Secret History Of The Banking Crisis
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