After a couple of difficult months, the Swiss franc has strengthened in recent days against the major currencies.Tensions between the old foes Israel and Iran has provided support for the Swiss franc as a safe currency. Israel considers "provocative" decision to send Iran to Syria, two artillery boats this evening for the first time since 1979 after the Iranian revolution. For many years, Iran was unable to take the ships through the Suez Canal since it was controlled by Egypt. American ship USS Enterprise passed through the channel yesterday in the opposite direction. Israeli defense minister called on soldiers to be prepared for a possible war in Lebanon with Hezbollah. A pair of EUR / CHF has sought to 1.32 at the end of last week, and now it is below 1.30.
The tense situation in the Middle East and North Africa mixed impact on the pattern implications for the Swiss franc in recent weeks. On the one hand, Switzerland has frozen the assets very quickly deposed leaders of Tunisia and Egypt immediately after their retirement. This was done in accordance with the new rules by the authorities of the country of withholding illegal / stolen assets that are owned by leaders in the region. On the other hand, there is a real danger of the spread of problems to the entire Middle East, given the political vacuum that now exists in Egypt. "Smart Money", it seems, is inclined to the second variant in recent days.
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