Doris Leuthard, Head of the Federal Department of Environment, Transport, Energy and Communications, offers to increase the railway and highway transport fares. It is expected that train tickets will grow in price by 10% while highway fares will increase by 250% (from 40 up to 100 francs).
Moreover, it is offered to reduce numerous tax rebates. According to Tagesschau (a Swiss TV channel), the mentioned measures will help to allocate extra 275B francs for the transportation infrastructure of Switzerland. By 2013 the railway expenses are expected to be increased by 200M francs. So the passengers will have to pay for it again.
FOREX. Will the mentioned increase in the fares be connected with the expected change of the USDCHF trend? According to the Department of studying Masterforex-V trading system , at this point the currency pair is probably forming a potential bullish wave A against the current trend, having come out of the internal sloping channel .However, in order to continue the formation of the wave the price will have to break through the MF pivot and come out of the MF sloping channel. Otherwise USDCHF will continue the downtrend.
