Wednesday, July 22, 2009

RBCCM: strengthening of the franc could once again be caught in the sight Central Switzerland

According to analyst RBC Capital Markets, the strengthening of the Swiss franc may cause an increasing concern to the leadership of the National Bank of Switzerland. Given the fact that the nominal effective rate franc goes beyond the current upper range since the last intervention, the Swiss National Bank in an attempt to stop the growth of the national currency, the franc could strengthen again to return to the zone of central attention. Currency strategists RBC Capital Markets put significant support in the pair dollar / franc 1.0600/1.0625 area (yesterday) is. Significant short-term support in a couple of euro / franc passes in the vicinity of 1.5100/1.5125. Now a pair of dollar / franc traded at 1.0661, euro / franc was at around 1.5160.

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