Published by Jamie JemmesonThe president of the Swiss National Bank Philipp Hildebrand is expected to lose the battle to contain the appreciation of the Swiss franc as the euro continues to come under pressure.Foreign exchange trading experts polled by Bloomberg forecast that in 2010 the franc will appreciate at its fastest rate since 2006, with current pressure on the euro expected to inspire further forex hedging.Geoffrey Yu, a London-based strategist at UBS, said the central bank is fighting a losing battle against the rise of the Swiss currency as it lacks the firepower to stem the exodus from the euro.The euro has this week slipped to a fresh nine-month low against the dollar as concerns about the EU sovereign debt crisis continue to mount.Finance ministers from all member-states have issued a deadline for Greece to introduce tough new fiscal control measures that will help stem the outflow of funding from the country.However, a further statement of solidarity was offered and assurances were given that support would be available should its debt woes continue to spiral.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site