Economy / Brazil
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Spotlight Falls On Swiss Franc As Dollar Strength Persists
August 2008 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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With dollar looking well poised to head back towards US$1.4000/EUR over the medium term, we are turning our attention towards alternative funding currencies to take advantage of high yields and solid macroeconomic stories still on offer across much of the emerging markets universe. And with carry costing just 2.75%, as well as further weakness expected for the unit, the Swiss franc has been the currency to really catch our eye.