Swiss franc predicted to reach one to one with euro

Daniel Kalt says the one to one level may be reached in a few years.

In January 2015 the Swiss National Bank ditched its policy to keep the franc at 1.20 – and is now tolerating a gradual increase in value.

Speaking to the financial news site, cash.ch, Kalt says it would be a stroke of luck if the common European currency settled between €1.05 and €1.10.

A strong franc means Switzerland’s exports are more expensive.

Source: https://worldradio.ch/news/2020/06/18/swiss-franc-predicted-to-reach-one-to-one-with-euro/

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