Wednesday, November 17, 2010

EUR/CHF, USD/CHF Swiss Rates - Growing demand for francs

In the coming months we expect global economic growth to slow. This will create mounting tensions, within the EMU as well as wider afield. In response, we foresee a darkening mood on the markets as investors flee into safety. These developments will benefit the franc. EUR/CHF (now around 1.33) could gradually drop towards 1.20 over the next few months.

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