Swiss franc predicted to reach one to one with euro
The chief economist at UBS says he expects the Swiss franc to continue to strengthen until it reaches parity with the euro.
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Daniel Kalt says the one to one level may be reached in a few years.
In January 2015 the Swiss National Bank ditched its policy to keep the franc at 1.20 – and is now tolerating a gradual increase in value.
Speaking to the financial news site, cash.ch, Kalt says it would be a stroke of luck if the common European currency settled between €1.05 and €1.10.
A strong franc means Switzerland’s exports are more expensive.
