Forex news, rate of Swiss franc. Jim O’Neill, monetary guru of asset management at Goldman Sachs, predicts devaluation of Swiss national currency in 2012.
Jim O’Neill predicts that in 2012 Swiss franc may lose up to 14 percent of its value against Euro.
The expert that dollar is certainly going to rise against yen (up to 30 percent), and that EUR/USD currency pair is more likely to drop to $1.10, rather than rise to $1.50.
According to O’Neill, Swiss National Bank will take more drastic measures in order to lower local currency. “I am expecting that during the first quarter of the year the rate will drop to at least $1.20-$1.25”, says Jim O’Neill.
The specialist also predicts that next year US economy will rise more than currently predicted. This, in its turn, is supposed to result in considerably higher dollar rate.
Analytics of DFWA Department at have also commented the current situation of GBPCHF currency pair. According to them, the first down wave is over, and there currently is a correctional up wave. In mid-term, buying is reasonable within the marked area:
