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View Full Version : Swiss Franc Needs to Decline to Avoid 'Serious' Harm, Swisscom Chief Says - Bloomberg



NewsWhore
10-11-2011, 07:10 PM
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Swiss Franc Needs to Decline to Avoid &#39;Serious&#39; Harm, Swisscom Chief Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHJsZIHKMYJ05HRJxKlRmZ4do_sgA&url=http://www.bloomberg.com/news/2011-10-11/swiss-franc-needs-to-decline-to-avoid-serious-harm-swisscom-chief-says.html)
Bloomberg
The currency had reached a record high of 1.0075 versus the euro on Aug. 9 as investors sought a safe haven from the euro area crisis. Swisscom&#39;s new sales forecast of 11.5 billion francs ($12.7 billion) assumes a franc exchange rate of 1.20 against ...

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