I was wondering if someone could explain the rise in EUR/CHF from 2000 to 2007. I have searched but I haven't been able to find the answer. In the period there was a small interest differential between approximately 1.25 and 2.50 but I don't think that's enough to explain the rise in the euro. Especially considering the fact that Switzerland had a big current account surplus in the period.
Edit: It's not just against the franc that the euro increased. The euro was generally strong in the period but why?
Edit: It's not just against the franc that the euro increased. The euro was generally strong in the period but why?
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If slaughterhouses had glass walls, everyone would be a vegetarian!