Close photo mode

    Market participants will restore market equilibrium of Swiss Franc - FORECAST

    Saxo Bank: Decision of the National Bank of Switzerland was unexpected for the Stock Exchange Participants

    Baku. 19 January. REPORT.AZ/ Cancellation of upper limit for the Franc by the Swiss National Bank was an unexpected for the Stock Exchange Participants. Because of this decision the powerful revaluation move will set in motion forces that will eventually help to weaken franc and to restore market equilibrium. Report was told by the Chief Financial Officer of Saxo Bank Steen Blaafalk.

    We were surprised by the decision of the National Bank of Switzerland. Despite our September forecasts, we did not foresee such a quick actual reduction. However, the expectation of the event has increased significantly in recent months due to the monetary policy of the European Central Bank, geopolitical risks and the lack of political decision, - said S. Blafalk.

    According to the CFO, this was the most important step in the main currency of the ever made, in connection with which the markets in the crucial hours there was a lack of liquidity in market in the crucial hours.

    If you find out orphographic mistake in the text, please select mistaken part of the text and press Ctrl + Enter.

    Last added

    At least one category must be selected

    All news

    Orphus sistemi