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SNB’s Jordan: Fair value for EUR/CHF clearly above 1.20

SNB’s Jordan: Fair value for EUR/CHF clearly above 1.20

Central Banks
Jamie Coleman
02/07/2012 | 13:23 GMT
  • We are ready to defend exchange rate target with unlimited market purchases, if necessary

Without a hint of irony, he makes those two statements…

EUR/CHF trades at the familiar 1.2010/11 level.

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