Considered by investors as one of the few safe havens in a world of economic turmoil, Switzerland is now looking at ways to weaken the Swiss franc. The Switzerland National Bank (SNB) tried to reign in the franc by lowering interest rates but to no avail. On Tuesday, the Swiss central bank set the minimum exchange rate of 1.20 francs per euro which saw investors fleeing the currency.
Nick Verdi, Currency Strategist - Asia at Barclays Capital recommends that investors go short euro-franc for now.
In an interview with CNBC-TV18, he finds that the euro-dollar can head lower hereon. He sees the dollar index turning positive in the very near-term.
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