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Swiss currency that eased down
versus the greenback after the news that US authorities have reached
compromise on the debt ceiling, has once again renewed the record
maximum.
Currency strategists at UBS note that franc remains near all-time highs
against all of its main counterparts as the uncertainty levels are
still high.
According to Switzerland’s Economy Minister, the appreciation of
the national currency isn’t temporary and one should expect it to
decline soon. The official underline that this would affect the
country’s economy. In his view, the unemployment is likely to
increase.
UBS specialists give the following forecasts for USD/CHF and EUR/CHF:
0.86 and 1.20 respectively in a month and 0.89 and 1.25 – in 3
months. |
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