Analysts at UBS AG expect that Swiss franc will be gaining today versus the single currency even though the Swiss KOF leading indicator is thought to lower from October’s level at 2.17 in to 2.09 in November. The indicator will be released at 10:30 GMT.

The specialists underline that Switzerland’s economy keeps showing better results than the euro area’s one, so the pair EUR/CHF will be trading within the downtrend in the current circumstances.

Strategists at Commerzbank share this opinion and note that the main reason for such dynamics of the rate is the weakness of euro due to the European debt crisis, though so far positive Swiss trade and employment data have their impact as well.

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