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Old 20.04.2011, 13:18
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Re: CHF=EUR parity. When will it happen?

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What's your view?
Too many factors to consider.

plus factors for CHF value
  • If the rumour is true that the SNB will up interest rates before mid-year
  • If people keeping buying CHF as a safe haven (because there are not enough CHF around to meet demand & will the SNB print more in order to swop them for currencies that are declining in value - I think not)
Negative factors for euro
  • If the Greeks keep rioting & force euro deal restructure
  • New Irish government force euro deal restructure
  • Spanish proporty market goes into free fall
  • Somebody audits Italy's numbers
  • Belgium continues with no Government
I would say end of 3Q if all worst cases occur.
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