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View Full Version : Swiss Franc Set to Reach Dollar Parity, Credit Suisse, UBS Say - Bloomberg



NewsWhore
07-16-2012, 02:50 AM
Swiss Franc Set to Reach Dollar Parity, Credit Suisse, UBS Say (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE2EvcEwLZ87EO9EteR1aGvhbyH-Q&url=http://www.bloomberg.com/news/2012-07-16/swiss-franc-set-to-reach-dollar-parity-credit-suisse-ubs-say.html)
Bloomberg
“If we think the SNB is intervening, then they are essentially recycling the euros into a series of other currencies, 50 percent of which are going to be dollars,” said Chris Walker, a currency strategist at UBS AG in London. “That's going to push the ...

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