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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.