The euro and the Swiss franchave been riding high as favored refuges from the upheaval in the Middle East.
But in a head-to-head toughness contest between the European Central Bank and the Swiss National Bank, there's no contest, says Amelia Bourdeau, senior G10 FX strategist for the Americas at UBS.
"The ECB has been more hawkish than the Swiss National Bank, and if the conflict in the Middle East doesn't escalate, I see less of a need for people to hold the Swiss franc as a safe haven currency," she told CNBC.
You can hear her full interview and see her trading recommendation in the interview.
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