Swiss Exports Drop Putting Pressure On SNB.
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- Emerson. $3 Billion Bondholder Rescue May Not Prove Permanent Cure for Lender- Bloomberg • Stocks Rise on Earnings Forecasts; Credit-Default Swaps Decline, Yen Gains- Bloomberg USDCHF - The June Swiss trade balance report showed the country's surplus shrank to 1.57 billion from 2.0 billion as weak global demand continues to put pressure on exports which fell by 2.6%. On a positive note imports rose by 3.8% after a 4.9% drop in May which could be a sign that domestic demand is improving. Nevertheless, the Swiss economy is dependent on exports and the lack of demand for its goods will continue to lead to more layoffs. The SNB SNB Snowboard
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SNB Strengths/Needs-Based has pledged to continue trying to depreciate depreciate v. in accounting, to reduce the value of an asset each year theoretically on the basis that the assets (such as equipment, vehicles or structures) will eventually become obsolete, worn out and of little value. (See: depreciation) the Franc in order to stimulate demand for Swiss goods and their efforts have supported the currency but have not had the intended results. For more news and resources, visit the new Swiss franc Noun 1. Swiss franc - the basic unit of money in Switzerland
franc - the basic monetary unit in many countries; equal to 100 centimes
centime - a fractional monetary unit of several countries: France and Algeria and Belgium and Burkina Faso and Burundi and Currency Room. GBPUSD GBPUSD British Pound Sterling to United States Dollar (foreign currency Eexchange) - The amount of new debt held by the U.K. government rose by 13.0 billion in June following 19.9 billion the month prior. The budget deficit was less than the forecast of 15.5 billion but was still the largest amount for the month since record keeping began in 1993. Tax revenues continue to decline for the government which could bring the country's credit rating back under question as it continues to spend to try and end the worst recession since WWII WWII
World War II
WWII World War Two . The BoE recently added [pounds sterling]25 billion to their quantitative easing efforts as it attempts to add liquidity to credit markets in an attempt to boost lending. Discuss the topic and your trade ideas in the GBP/USD Forum.
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