Wednesday, April 22, 2009

Commerzbank predicts profit of euro / franc

Commerzbank analysts advised buying euro / franc above the level of 1.51 - it is here will most likely intervene Swiss National Bank. It is believed the bank, the Central leadership has very clearly that it will not allow the strengthening of the franc above this level. Only in the 1 quarter of this year, the Swiss National Bank to intervene spent about 4.5 billion euros. At Commerzbank said that the cross-rate has risen since the verbal or actual intervention. It is likely to be and at this time. Now the euro / franc traded at 1.5110.

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