After the SNB stated its position against further advances of its national currency, the Swiss Franc may be poised to decline versus main currencies, as fears of interventions are likely to shun investors from investing in the
The Swiss franc gained during the late months of the last year versus the euro and the dollar, posting its highest monthly advance in December versus the European single currency in 2009, and trading in parity with the greenback in November, as the Swiss economy showed its strength and resilience, and declining odds of deflation were interpreted as a good chance for the currency to gain in
Speculations regarding future interventions in the Swiss currency rates open a good trading possibility for selling the franc versus other currencies, specially
USD/CHF traded at 1.0169 as of 00:49 GMT from 1.0140 in the intraday, being rather unchanged following the SNB statement.
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