According to analysts of UBS, the continued strengthening of the Swiss franc is an indication that the markets remains buoyant demand for the currency of refuge. At UBS calls attention to the dynamics of the currency of Switzerland - despite massive intervention by the Swiss National Bank, currency exchange rate hardly declined. Thus, even with the recent growth of global markets, Europe remains a demand for safe assets-such as the Swiss Franc. At this time, a pair of dollar / franc traded at 1.0690, euro / franc was at around 1.5225.
Tuesday, July 28, 2009
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