Tuesday, November 9, 2010

CHF: Swiss franc feels good, despite weak data on attitudes


Swiss Franc feels good even compared to European problems and increased risk aversion after the announcement of China on the additional capital controls it through the night. For example, the pair EUR / CHF continues to decline, falling to 1.3340 at night, with almost 1.38 at the beginning of the month. These developments clearly do not approve of SNB, which has, and so increasing fears that the strength of the currency will harm the economy in coming quarters. Swiss consumers appear increasingly concerned about the economy and employment situation, taking into account data from a study conducted by SECO, which affirmed a sharp decline in confidence last month. Despite the local economy if doubts about the euro will grow in the near future, the Swiss would probably be the main beneficiary.

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