According to currency analysts UBS, the recent restoration of the dollar / franc could be due to the fact that investors will convert denominated in foreign currency savings back into dollar assets. The bank believes that this process has undoubtedly contributed to the restoration of the American currency, however, is unknown to what extent these flows will be able to compensate for unfavorable for the dollar long-term fundamentals. Projected UBS, in the 4 th quarter pair dollar / franc rise to a mark of 1.09, while in the 1 st quarter of 2010 will drop to a level of 1.07. At the moment pair dollar / franc is trading at around 1.0177.
Tuesday, October 27, 2009
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