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Anyone else find the USD/CHF pair heading 500-700 pips at the 1.5 months up to come? I understand it will depend a great deal on the attitude of the FED, since it has become probable that Bernanke will promote a second increase following the Fed meeting. Other factors, such as oil, will also have an effect...
Thanks.
I think the only way swissy will go as high s that is when the Iran situation gets resolved with a happy ending....otherwise who will buy buck from your swiss if things are so unstable? Bear in mind that CHF is the money that everyone purchases whenever there is geopolitical concern.... And there is that. . .so if Iran gives a positive answer to the incentive package then market players can show the releif and also for certain there'll be relief for the group