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Swiss franc exchange rate stable: How does the stock market react to Jordan’s resignation?

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His 12-year presidency of the Swiss National Bank has ended; SNB President Thomas Jordan resigns.

Thomas Jordan (61) will leave his position at the end of September 2024. The Swiss National Bank (SNB) must look for a successor. The franc-euro and franc-dollar exchange rate remained stable on Friday morning, immediately following the report.

So how will the Swiss stock market react to Jordan’s departure? After all, the Governor of the Central Bank defended continuity for twelve years and led Switzerland to tackle various monetary policy challenges.

The Swiss stock exchange opens at 9am – Blick will keep you updated here. (nim)

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Source :Blick

Tim

I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.

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Tim

I'm Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor's Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.

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Swiss franc exchange rate stable: How does the stock market react to Jordan’s resignation?

Tim

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