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Strategies & Market Trends : The coming US dollar crisis
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To: stomper who wrote (5661)3/30/2008 6:24:15 PM
From: RockyBalboa  Read Replies (2) of 71456
 
In general there was not enough liquidity is available in the Swiss Franc.

This improved a little bit when the swiss became a good borrowing currency. It is the nonvolatile European version of the Yen with some 2% interest. When the yen devalued a lot vs. the EUR people began incresingly to borrow in Swiss francs.

Switzerland did not experience any of the benefits of the new large currency, the EUR. They are not member of the EU (theres still a border to the neighbours) nor did they join the EUR system. So and because the swiss economy was not growing they lowered the rates to nearly 2.5% below the EUR.
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