- Analytics
- News and Tools
- Market News
- Swiss Franc to give back some of recent strong gains – MUFG
Swiss Franc to give back some of recent strong gains – MUFG
The Swiss Franc was the second best performing currency in July lagging behind only the Norwegian Krone.
SNB unlikely to hike rates further this year
While recent Franc gains have not been as extreme as back in early 2015, we do believe that the strength of the CHF is currently overshooting somewhat and expect it to correct lower in the coming months.
The Swiss Franc has been benefitting from the relatively hawkish policy stance of the SNB who have actively been encouraging a stronger CHF to dampen upside risks to their inflation outlook. With inflation likely to slow further below the SNB’s 2.0% target in the coming months, we do not expect the SNB to hike rates further this year.
EUR/CHF – Q3 2023 0.9650 Q4 2023 0.9700 Q1 2024 0.9800 Q2 2024 0.9800
USD/CHF – Q3 2023 0.8770 Q4 2023 0.8660 Q1 2024 0.8670 Q2 2024 0.8820
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
