Intraday Market Thoughts

Franc Peg will Stay, But How to Play it?

by Ashraf Laidi
Jan 11, 2012 18:11

This weeks resignation of SNBs president Phillip Hildebrand may not mean the end of the Swiss franc peg. Although Mr. Hildebrand has been portrayed as the engineer of the EURCHF peg, his resignation is unlikely to reverse Septembers decision to establish a franc peg for the first time since 1978. While expect the EURCHF 1.20 to hold, our strategy to trade the franc into the coming months is outlined and charted in the following 800-word piece



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