Franc Remains Weak As SNB Assesses Poor Economy

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Franc Remains Weak As SNB Assesses Poor Economy

Postby kreslik.news » Wed Feb 03, 2016 10:18 am


The Swiss franc remains a fundamentally bearish currency due to interest rates of -0.75% and inflation falling further into negative territory. As always the SNB’s focus is the exchange rate with the euro and President Jordan has routinely used speaking opportunities to state that the franc is overvalued.

Both the USDCHF and EURCHF exchange rates rallied nearly 400 pips during the first month of 2016. This is partly attributable to dollar and euro strength across the board – whereby the dollar has been boosted by policy fundamentals and the euro by risk-off sentiment – but the the moves are also ... (read more)

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