Swiss franc strength attributed to 'absolutely no liquidity'

- Miriam Siers
- 15 Aug 2011

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The seemingly unstoppable strengthening of the Swiss franc, which saw EUR/CHF reach a record low of 1.01 on August 9 and USD/CHF dip to 0.71 on the same day, should be attributed to reduced liquidity during August and the ongoing effects of the European sovereign debt crisis, according to currency strategists.

"The speed that the Swiss franc has strengthened is partly due to the fact there is absolutely no liquidity in the market at the moment. It is summer and a lot of people are away. If there

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