Forex Market News
The Feb Swiss KOF Economic Barometer number has just come in at a worse than expected -1.41 Vs a forecast -0.95 and a -0.87 previously. This indicates a further weakening of the economy and a contraction in GDP over the coming 6 months. Some are now predicting the SNB will cut rates to 0.25% in the Swiss Franc Libor equalling the low back in March 2003.
