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SNB's Jordan: US protectionist tendencies are a big risk for Switzerland

Swiss National Bank (SNB) Chairman Thomas Jordan, speaking on Swiss radio, was noted saying that the US protectionist tendencies are a big risk for Switzerland, albeit have not yet materialized.

Additional quotes:

   •  If international trade doesn't function well then everyone is harmed
   •  Swiss franc could quickly become safe haven again if uncertainty returns to financial markets

EUR/USD flirting with lows, around mid-1.2300s ahead of US data

   •  EUR continues to be weighed down by Draghi’s dovish tone.    •  A modest USD recovery adds to the downward pressure.    •  Follow-through sell
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SNB: Caution remains the codeword - ING

Analysts at ING explain that as expected, the Swiss National Bank left its interest rate unchanged, but the economy is expected to rebound in 2018, wh
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