By the end of the year say the median forecasts of more than 50, yes 50, analysts surveyed by Bloomers. They see USD/CHF at 0.98 by year end also. Apparently the swissy has overtaken the yen as the currency that strategists love to hate.
Currency strategist Valentin Marinov at Citi says it’s been the euro crisis that has kept the franc overvalued and that;
As the situation in the euro area has improved, the franc now appears to be a good sell.
And there you have it. I’ve been banging on about the value in trading against the peg for yonks. You could pay big bucks for big bank analysis or get it right here for nowt.
Only 4 months to go till we hit pay dirt (according to the median analysis of 50 bods)
