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Old 20.04.2011, 13:51
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Re: CHF=EUR parity. When will it happen?

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Parity is being way too optimistic!

The CHF will get hammered at some point in the future. Don't forget that it is overly overvalued thus causing difficulties for Swiss exporters.
Chf will have to decline in value or else the Swiss growth outlook will have to be lowered which will help decrease chf value in return.

2nd Possibility: Debt restructuring in Greece. This will send the Euro in a downward spiral, but still, I don't see parity! Perhaps the 1.10 € level.
1.10 is a 12% fall from the 1.25 level.
1.00 is a 20% fall.

If it settles at a given level, I would expect it would dip below that level on the initial sell-off.

The other question is if the SNB will try to intervene again and how much money they will burn before capitulating.
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