Monday, November 16, 2009

BNP Paribas recommends buying euro / franc

According to currency analysts BNP Paribas, the interest of the Swiss National Bank to currency intervention is likely to weaken, as the restoration of the Swiss economy is gaining momentum. However, consider a bank, in the case of a verbal intervention by the Central Bank of Switzerland, the reaction of pair euro / franc, which is now closer to the bottom of the range, can be quite significant. Thus, reducing the euro / franc at 1.5080 area in the bank is seen as a good opportunity to buy a pair. Currently, the euro / franc is trading at around 1.5090.

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