Swiss business lobby urges Swiss National Bank to act fast against franc (CHF) strength

ICYMI, Bloomberg (gated) with the report, on Swissmem (the country’s biggest lobby group for manufacturers):

• The Swiss National Bank must do something fast to keep the franc’s strength from hurting exporters
• sudden appreciation in the currency is threatening a vulnerable recovery for overseas sales seen in recent months
• didn’t offer a view on what tools the SNB should deploy

The SNB has cut rates twice the year. Its expected to cut again next month

ps. While the chart is USD/CHF there is just as much, if not more, concern about CHF strength against the EUR.

This article was written by Eamonn Sheridan at www.forexlive.com.