FX Alpha 04 February 2014

FX Alpha

At the ECB’s mercy?

At the ECB’s mercy? Admittedly, EUR-CHF is not going to attract investor attention as a result of major moves at present. In this respect the EM currencies no doubt provide better potential. But anyone who thinks that the recent risk-off sentiment is of no importance for the Swiss National Bank is wrong. It has made it clear once again that the franc remains a safe haven. So unless the situation improves short term EUR-CHF will remain under pressure.
To know more click here PDF