Swiss franc floor will remain in place, says UBS FX chief
The minimum 1.20 exchange rate for EUR/CHF will continue to be maintained by the Swiss National Bank (SNB) for the foreseeable future, more than two years after it was first introduced to stem the sharp appreciation of the Swiss franc, according to a senior FX official at UBS.
Speaking at the Cass Business School's biennial meeting in London yesterday, George Athanasopoulos, global co-head of FX and precious metals at UBS in Zurich, said many investors assume Switzerland's large current account
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