ZKB on the situation in the euro / franc
In European trading the euro / franc consolidated within a fairly narrow range and is traded on Chf1.2220. ZKB analysts doubt that the Swiss National Bank decides to raise the minimum rate of the euro / franc. The reason is the growing concern about the debt situation in the euro area. They report that the aggravation of the crisis can be costly for SNB. Employees of the bank, adding that the mere appearance of rumors that the SNB may raise the minimum rate of the euro / franc to the mark of 1.25, allowed the pair to settle above the twenty-second figures. They note that the market participants themselves did all the work for SNB - for more bank and could not dream. The current euro / franc Chf1.2213.
In European trading the euro / franc consolidated within a fairly narrow range and is traded on Chf1.2220. ZKB analysts doubt that the Swiss National Bank decides to raise the minimum rate of the euro / franc. The reason is the growing concern about the debt situation in the euro area. They report that the aggravation of the crisis can be costly for SNB. Employees of the bank, adding that the mere appearance of rumors that the SNB may raise the minimum rate of the euro / franc to the mark of 1.25, allowed the pair to settle above the twenty-second figures. They note that the market participants themselves did all the work for SNB - for more bank and could not dream. The current euro / franc Chf1.2213.