And since it has barely budged, it is massively overvalued today, it stands to reason. It does strike me as odd that Europe has made tremendous strides in reducing the risk of the disintegration in the euro zone but that the Swiss franc has not fallen materially... Jordan convinced there was no alternative to the franc cap Euro crisis not yet fully overcome Swiss franc still overvalued Franc cap remains essentially policy tool. Keeping close watch on Swiss real estate (full story)