CHF: Swiss is likely to decline against the dollar, but to grow to Euro

Sure, we in the phase of "risk aversion" is currently on the background of decreasing rates of developing countries affected stocks, dollar growth and falling commodities, even in dollar-denominated currencies. Continuation of this phase is likely to lead to further losses Suisse against the dollar, but more than likely that we will face a rise against the euro. This becomes particularly relevant in the context of the scenario for the euro, where there is growing concern about the impact of sovereign issues eurozone. There is also a feeling that those who want to benefit from the pressure of the single currency on the major currencies, should be more wary to look closely to the pound due to its strong trade links with Ireland, the pressure in the context of banking loans and sovereign debt. Of course, that the periods of strength in the Swiss currently not quite what he needs the domestic economy, however, now the Swiss authorities are likely to outsource the pain bravely.