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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 903
Posted: Feb 22, 2010 5:00
Comments: 903
Forum Topic:
CHF
Discuss CHF
I don't know how the discussed Euro/CHF binding should work, however they will not do this for 1.18, I believe 1.25 is needed to keep the export industry in business.
I stay long over the weekend, in case the push it again just before market close as last time.
However it can be soon as both Germany's and France's economy at best stalls. Who will then
be liquid enough for all that bailout money?
And how about the EUR/NOK. Hope it will further....
I am in short EUR/NOK and hope to exchange my EUR into CHF when it reaches EUR/CHF reaches 1. Good idea or not?
The CHF will have to falter against other currencies in the future sometime. Or what do you think?
The option gets knocked ot at EURCHF 1.19
The peg story could never be implemented in reality of the markets. So far the SNB has just increased cash liquidity actually almost 10-fold. That is all SNB did. It will take time but speculative attacks WILL return. We can see buying frency of CHF is back when volatility of CHF relative strength shoots up.
http://www.djmick.co.uk/images/2010/11/Bianca-Gubser-7-465x309.jpg