Thursday, July 30, 2009

Commerzbank predicts growth in the euro / franc

According to analysts of Commerzbank, the timing of the National Bank of Switzerland for a statement that the leadership of the Central Bank will continue to take measures to prevent the reduction of pair euro / franc, said that the Swiss Central Bank prefers to see the pair at the top of the trading range. Proceeding from this, currency strategists at Commerzbank continues to recommend buying a couple down to the 1.5220/10 area. Moreover, the bank believes that the medium-term euro / franc could rise above the level of 1.55. At this time, a pair of euro / franc was at 1.5320.

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