SNB's Jordan: Functioning of global trade is key for small economies

Eren Sengezer FXStreet

While speaking at a panel organized by the Swiss Institute of International Studies (SIAF), University of Zurich, Swiss National Bank Chairman Thomas Jordan argued that the functioning of global trade was key for small economies and added that the uncertainty and Brexit discussion was having a rather negative impact.

"If Germany, France and Italy have low growth or recession, this has a big impact on Switzerland," Jordan said.

Meanwhile, the USD/CHF pair is trading at 0.9880, adding 0.2% on a daily basis.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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