| Videos | Channels | Search |
Hardy on the "over-valued" Swiss franc
The Swiss franc is "egregiously" over-valued, according to John Hardy, Saxo Bank's Head of FX Strategy. Despite recently falling to its weakest in a month after data showed the Eurozone had pulled out of recession, John says there's further to go. The key, he says, will be the German elections in September and better economic performance globally.
The Swiss National Bank recently said it will keep its cap on the Swiss franc against the euro for as long as it takes. It was pegged at Euro 1.20 two years ago when the eurozone crisis was at its height.
01:02 minutes
Tags: autoplay, cap, cap 1.20, chf, chfjpy, chfusd, ecb, european central bank, eurozone crisis, falling, foreign exchange, forex, forex market, forex swiss, forex swissie, fx, german, german elections, germany, hardy, john hardy, jpychf, news, saxo, saxo bank, saxo hardy, saxo tv, saxotv, swiss, swiss franc, swiss national bank, swissfrance, switzerland, tradingfloor.com, usdchf, video