The Swiss franc is still suffering this week against four major currencies, with the prospect of turning the dollar, leading to a rather dramatic move back to parity against him. Market is close to the view that the Fed's QE2 is not a panacea for saving, which believed in many quarters. Recent speech, Fed officials have only confirmed this. Hawk Hoenig described further QE, as a "deal with the devil." A more consistent approach to the QE, above all, should be less in the style of "shock and awe" that could ease the pressure on the CHF and reduce the currency, which would help the Swiss authorities. At the moment it works on EUR / CHF, which was prodavlen level of 1.35, indicating a 6% decline against the euro since the beginning of September. Concerns related to the intervention of SNB, still affect the background level.
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