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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 903
Posted: Feb 22, 2010 5:00
Comments: 903
Forum Topic:
CHF
Discuss CHF
But i'm out before ECB meeting today
Ashraf
Now, how much are you willing to bet that their intervention policy is no more? :-)
Ashraf
The Swiss National Bank slashed interest rates to a record-low of 0.25% in March 2009. Some observers say it could begin raising rates again in the second half of this year.
dj
It's time to short EurCHF !
0848 GMT [Dow Jones] Swiss National Bank president Philipp Hildebrand provided no fresh clues on its currency intervention policy in his speech Friday, says Bank Sarasin. "There isn't much that's new, and I think that is reflected by the steady market reaction," says economist Ursina Kubli. The SNB may decide to slowly exit its policy of curbing excessive franc gains once the Swiss economic recovery is better established, she adds. "The SNB may then tolerate EUR/CHF at around 1.40," she notes.
dj
Ashraf
Do you see USDCHF rising to 1.15 level over the coming weeks? Thanks alot.
So we could see 1.4270.
Ashraf