1.Q: It is May 1, 2015, and Crdit Suisses head currency strategist has just learned from her...

1.Q: It is May 1, 2015, and Crédit Suisse’s head currency strategist has just learned from her chief economist that there is an 80 percent chance that Greece will leave the eurozone by year-end. By then because of footloose capital abandoning the euro to seek shelter into the Swiss franc seen as a refuge currency the Swiss National Bank would abandon its unofficial peg to the euro at CHF 1.20 = €1 with an immediate appreciation of the Swiss franc of 12 to 15 percent against the euro. Current three- and six-month forwards are quoted at CHF 1.1900 and CHF 1.1750 = €1. How should she speculate?