How strong is the CHF? Stronger than the Euro now of course. But is is it fundamentally stronger than the USD?
Who knows? At least there is no reason that the Franc fell so steep against the USD. They don't (don't they?) intervene in favour of the weak Euro any longer. In my opinion that means that the ratios between the Franc and the other currencies will have to adjust and find their real level. So it's time to correct the fall. A bit is done already but I think that there is still some room.
Who knows? At least there is no reason that the Franc fell so steep against the USD. They don't (don't they?) intervene in favour of the weak Euro any longer. In my opinion that means that the ratios between the Franc and the other currencies will have to adjust and find their real level. So it's time to correct the fall. A bit is done already but I think that there is still some room.