Well I thought they were interesting……
Dow Jones reporting UBS views on EUR/CHF.
They reckon cross may rise to 1.2000 by end 2012 (initally I thought it said 2011 and got quite excited)
Anyways economist Reto Huenerwadel opines “We aren’t looking for a material appreciation of the CHF from current levels, and expect SNB to succeed in their attempt to prevent it from reaching new highs” adding “We see the reduced attractiveness of the franc pushing EUR/CHF closer towards what we consider fair value based on purchasing power consideration, currently at 1.34.”
Cross presenty sits at 1.1430.
