Swiss Franc Gains on Budget Surplus Forecast, Capped by Weak Sentiment

Jun 28,2019 18:00   Source:Earnforex
The Swiss franc is gaining against a basket of currencies on Thursday, supported by the government’s federal budget surplus forecast. As the economic powerhouse introduces tax and pension reforms, the government thinks it will take in more revenues. But the healthy state of the nation’s finances is not making investors optimistic on the economy. On Wednesday, the Swiss government introduced a draft 2020 budget, outlining a $613 million surplus. Although the government will implement reforms to taxes […]

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