Swiss recovery to be delayed, slow: SNB’s Jordan

Swiss National Bank member Jordan says that the recovery in Switzerland will lag other counties as Switzerland entered recession later than most. He sees a mid-year 2010 rebound, led by exports, though it will be slow, with unemployment dampening consumer consumption.

EUR/CHF has dipped in recent days into the 1.52 region where it has found some support in the past from the SNB and its proxies.