FXstreet.com (C�rdoba) ? The Swiss Franc has been rising on the back of the European debt crisis. Alexander Koch, analyst at UniCredit affirms that they see few possibilities for an intervention to curb the strength of the Swiss Franc. ?A resumption of unilateral FX market interventions by the SNB would probably extensively fall flat. And trade restrictions of any type would probably have a boomerang effect for the export nation Switzerland. Economic policy measures to promote Switzerland as a place to do business and a widening of trade agreements promise more success ? albeit not in the short term.?

UniCredit Research believes that a ?cautious rhetoric?, without hints on an imminent rate hike, is the best instrument for the Swiss National Bank to avoid further appreciation of the Swissy.