Commerzbank analysts believe that rising dynamics euro / franc would disappear on its way to the twentieth figure since the debt problems of the euro area will continue to put pressure on the single currency. They also note that the restoration of the pair before the fifteenth figure was probably dictated by fear of market participants before the intervention of SNB, but not excess liquidity. One of the analysts of the bank, Ulrich Rondorf, adding that in case of further strengthening of the Swiss currency, the output of the Swiss Central Bank to the arena of foreign exchange markets will be considered only as a last resort. Currently, the euro / franc traded at Chf1.1469.
