Swiss Franc Gains as SNB Thinks Risk of Deflation Gone

The Swiss franc gained today, rising for a fourth day against the U.S. dollar, as the central bank think that the threat of the deflation has gone.

The Swiss National Bank previously was attempting to rein the currency’s appreciation as the strong currency threatened to cause deflation. The central bank’s officials said that they are ready to intervene again if the gains of franc would pose threat to the nation’s economy.

USD/CHF traded near 1.1182 as of 8:35 GMT today after it opened at 1.1310.

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