UBS expects to strengthen the franc against the euro in the long term

Analysts said UBS, in the next 12 months, the Swiss franc could strengthen the euro against the backdrop of tightening monetary policy by the Swiss National Bank. If the accompanying commentary to the decision on rates, which will be delivered on the Swiss National Bank on September 17 (16:00 IST), to be read to suspend the desire to strengthen the national currency, the euro / franc could react growth. As noted in the bank, in this case the pair to the growth of 1.53 - 1.54 should be viewed as an attractive opportunity for sale euro / franc for the long term. Bank analysts believe that the couple, eventually, return to the range of 1.45 - 1.50 in the next 12 months, as soon as the Swiss National Bank will begin to tighten only "soft" monetary policy. Currently, the euro / franc is trading at around 1.5141.