Currency strategists at UBS say that Swiss has reached its peak versus the European currency at 1.2400 and won’t appreciate more.

As a result, this year Switzerland’s inflation won’t be stemmed by the strong national currency anymore. Moreover, rising commodity prices and a booming domestic economy will create inflationary pressure. The specialists expect 2011 inflation to be rather low – 0.9%, while in 2012 it will approach 2%.



Chart. Daily EUR/CHF

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