by Tribune de Genève. After more than two years of a highly overvalued franc, relative to the euro, the currency should ease in the near term reckons Thomas Flury, senior currency strategist at UBS. He expects a euro to be worth 1.14 francs in 6 months and 1.16 within a year. © Alys | Dreamstime.com Emmanuel Macron’s victory and Marine Le Pen’s defeat in the second round of France’s presidential election support this trend. However these are not the only forces at work. A number of experts and indicators point to economic recovery in the eurozone. In addition, specialists at UBS expect the European Central Bank to reduce its programme of quantitative easing from September. The exchange rate, which was around 1.07 in mid April has already moved to nearly 1.10. On 18 May 2017, it was trading at
Topics:
Investec considers the following as important: Business & Economy, Personal finance, Strong Swiss Franc, Swiss Franc
This could be interesting, too:
Investec writes Study shows how Swiss doctors and hospitals overcharge
Investec writes Health care cost brake initiative to go to a vote
Investec writes One in ten Swiss worried about money at the end of the month
Investec writes No price rises for Swiss public transport in 2025
Tribune de Genève.
After more than two years of a highly overvalued franc, relative to the euro, the currency should ease in the near term reckons Thomas Flury, senior currency strategist at UBS. He expects a euro to be worth 1.14 francs in 6 months and 1.16 within a year.
© Alys | Dreamstime.com
Emmanuel Macron’s victory and Marine Le Pen’s defeat in the second round of France’s presidential election support this trend. However these are not the only forces at work. A number of experts and indicators point to economic recovery in the eurozone. In addition, specialists at UBS expect the European Central Bank to reduce its programme of quantitative easing from September.
The exchange rate, which was around 1.07 in mid April has already moved to nearly 1.10. On 18 May 2017, it was trading at around 1.09, according to Bloomberg.
If these predictions turn into reality it will be good news for Swiss exporters and bad news for Swiss importers, travellers and cross-border workers.
More on this:
Tribune de Genève article (in French) – Take a 5 minute French test now