BNP Paribas currency rates forecast

BNP Paribas bets on the franc to dollar and euro

In brief: The Swiss franc will rise to the major world currencies - the euro and the dollar - some analysts suggest that BNP Paribas.

Foreign currency analyst at BNP Paribas believes that the single European currency and the U.S. dollar will continue easing against the Swiss franc.

The bank noted that a break in a pair of support to 1.3650 euro / franc opens the way to further reduce the level of 1.35, and any corrective rollback should be seen as an opportunity to implement strategies to bear. The U.S. dollar, according to the Bank’s strategy will also remain under pressure – at the bank expect to fall in the dollar / franc to the field of 1.0925/00. At the moment the euro / franc is at 1.3527, the dollar / franc is trading at around 1.1004.

Ukrainian Globalist
2010-06-27 14:09, Currency news.

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