UBS AG advised selling the euro against the Swiss franc with a price estimate of 1.38 francs per euro.
Investors should sell the euro against the Swiss franc at 1.355 in the expectation it will decline to 1.29, according to UBS AG.
European Central Bank President Mario Draghi may act more like Ben S. Bernanke than Jean-Claude Trichet in 2012.
The yen strengthened for a third day against the dollar amid concern the Bank of Japan is struggling to control a jump in government bond yields.
Swiss central bank President Philipp Hildebrand , who ended 15 months of intervening in foreign- exchange markets this year, may prove powerless to stop the franc from extending a record rally that he calls a “burden.”
The franc strengthened, appreciating most against the dollar and the yen, as investors took advantage of recent weakness in the Swiss currency.
"This QE discussion has been explosive."
- Beat Siegenthaler on Aug 27, 2014
UBS’s Siegenthaler Says Greek Swap Provides Relief
Siegenthaler Says Euro to Weaken to $1.15 Year End
UBS’s Siegenthaler Says Euro May Rise to $1.50
Siegenthaler Says Investors Are 'Insecure'