As analysts say BNP Paribas, trade-weighted index of the franc reached new highs suggesting that the trade-weighted exchange rate of the Swiss currency is now higher than before the currency interventions of the Swiss National Bank in March 2009. Today the pair dollar / franc reached a new 14-month low of 1.0235. The bank believes that this situation may cause concern to the leadership of the Central Bank and, therefore, quite possible a new series of currency intervention. By euro / franc bank hold bullish forecast and prefer to buy a pair of the decline to a level of 1.5120 to the recent peaks of 1.5350. Now euro / franc was at around 1.5150, the dollar / franc - at 1.0240.
Tuesday, September 22, 2009
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