Wells Fargo analysts note that, despite the fact that the morning post the Swiss National Bank triggered a rapid rise in the euro / franc, a few hours later a single currency has put the U.S. position against a competitor. Head of Currency Strategy, Nick Bennenbrok, said that the euro continues to face incredible pressure associated with the political changes in Germany, as well as worries about the budget of Greece and Italy. Bennenbrok adds that in the next few days and possibly weeks of market volatility will continue. In the short term he expects to strengthen the U.S. dollar and the falling euro and commodity currencies and emerging market currencies. Current euro / dollar $ 1.4053.
