Archive for January, 2013

FT: Investors dump Swiss franc as euro rises

“Anyone who has bought a cup of coffee in Switzerland knows that the Swiss franc is grossly overvalued,” said Stephen Jen, head of SLJ Macro Partners, the currency hedge fund. “The long-term fair value for the franc is closer to SFr1.35-1.40.”.

Read the original article on the ‘FT’ website.