Over the past few months, the Swiss franc has attracted considerable interest from traders and long term investors alike as concerns continue to mount over other major currencies such as the dollar and the euro. Thanks to this, the value of the franc has surged against the euro, up to all-time high levels. While many nations might welcome an increase in the value of their currencies, tiny Switzerland, which is surrounded on all sides by euro zone members, becomes increasingly uncompetitive when this happens, putting the fragile recovery taking place in the nation in jeopardy. As a result, the country’s central bank, the Swiss National Bank, has stepped up the rhetoric for interventions threatening to implement a peg of the currency against the euro for the foreseeable future. While many thought that this was just the bank blowing some hot air attempting to talk down the exchange rate, recent moves suggest that the [...] Click here to read the original article on ETFdb.com. Related Posts: Top Three Currency ETFs Of 2011 ETF Insider: Look Out Below ETFdb Category Kings: Best Performers From First Half Of 2011 ETF Insider: Gold Soars Past Equities ETF Insider: Will The Market’s Fireworks Continue?
Over the past few months, the Swiss franc has attracted considerable interest from traders and long term investors alike as concerns continue to mount over other major currencies such as the dollar and the euro. Thanks to this, the value of the franc has surged against the euro, up to all-time high levels. While many nations might welcome an increase in the value of their currencies, tiny Switzerland, which is surrounded on all sides by euro zone members, becomes increasingly uncompetitive when this happens, putting the fragile recovery taking place in the nation in jeopardy. As a result, the country’s central bank, the Swiss National Bank, has stepped up the rhetoric for interventions threatening to implement a peg of the currency against the euro for the foreseeable future. While many thought that this was just the bank blowing some hot air attempting to talk down the exchange rate, recent moves suggest that the [...]
Click here to read the original article on ETFdb.com.
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