Swiss Franc - The biggest gainer today after SNB decision

The Swiss National Bank unexpectedly scrapped its cap on the CHF as EURCHF at 1.20 goes into history. SNB try to keep the franc as cut the interest rates from the negative -0.25 to -0.75%. expects after that decision Swiss Franc to rise below 1.00 against the Euro. Currently EURCHF is trading at 1.0380 but expects levels to 0.95 in February 2015. In spite the CHF negative interest rates of -0.75% the investors will continue to use Swiss Franc for investments.

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