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.
The yen rose to a three-week high against the dollar as Asia’s regional stock index dropped the most since March, boosting demand for the safest assets.
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.
The case for European Central Bank action to curb the euro’s gains is getting stronger after the 18-nation currency jumped to within a half-cent of $1.40.
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
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