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Swiss National Bank Muscle Keeps EUR/CHF Off Lows but Recovery Prospects Uncertain

  • Written by James Skinner

The Swiss Franc remained the best performing major currency of 2020 on Friday even as it underperformed intraday, although Swiss National Bank (SNB) intervention is likely to keep the Euro-to-Franc rate above the year’s lows, according to Capital Economics and Commerzbank, even if its recovery prospects are uncertain. 

Read more: Swiss National Bank Muscle Keeps EUR/CHF Off Lows but Recovery Prospects Uncertain

Swiss Franc Struggles after SNB Statement but U.S. Election, Brexit to Keep the Buyers Coming 

  • Written by James Skinner

The Franc was left struggling Thursday after the Swiss National Bank (SNB) reiterated a threat of intervention on behalf of the economy and in the name of domestic inflation, although the nearing U.S. election and ongoing Brexit process are tipped to see the safe-haven currency recover before long. 

Read more: Swiss Franc Struggles after SNB Statement but U.S. Election, Brexit to Keep the Buyers Coming 

Swiss Franc Outperforms as Intervention Risk Grows with Prospect of Euro-Dollar Correction 

  • Written by James Skinner

The Swiss Franc appeared to be the world's top performing currency Thursday as the Euro faltered against the Dollar while the U.S. unit ceded ground to safe-haven counterparts, raising the risk of intervention from the Swiss National Bank and one that could grow if a EUR/USD correction takes hold.

Read more: Swiss Franc Outperforms as Intervention Risk Grows with Prospect of Euro-Dollar Correction 

Pound-Franc Rate Could End 2020 at 1.22

  • Written by Gary Howes

GBPCHF

The Pound will likely extend a multi-week advance against the Swiss franc over the remainder of 2020, provided the economic normalisation underway in the UK and across the global economy remains intact.

Read more: Pound-Franc Rate Could End 2020 at 1.22