UBS expects reducing euro / franc in the medium term

Currency strategists expect UBS reduce euro / franc in the medium and long term. National Bank of Switzerland, of course, is not interested in the continuing strengthening of the national currency - sooner or later, but the Central Bank to intervene, especially if the upward movement of the franc would begin to undermine the credibility of the policy bank. UBS analysts believe that in 3 and 4 quarter pair euro / franc will continue to be traded near the 1.52 level. At this time, a pair of euro / franc was at around 1.5225.