The Swiss Currency will continue to gain important support from global credit fears and the pressure to cut carry trads.There is also a possibility of more substantial stresses in global credit market which could put further strong upward pressure on the franc.Domestic conditions remain robust which will underpin the franc,although the National Bank will be more cautious over incresaing interest rate in the current evnironment.Short term franc trends will remain correlated strongly with levels of global risk aversion with underlying fears providing important support.
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