The Swiss Franc was universally stronger on Friday if not for an unchanged USD/CHF that is at the centre of a looming confrontation between Bern and Washington, which is itself a symptom of broader global problem and a warning of growing risks that lurk along path ahead for other currencies.
Read more: Swiss Franc's U.S. Treasury Clash Warns of Risks to Other Currencies
The U.S. Treasury FX report has labelled Vietnam and Switzerland as currency manipulators, but there will be little significant impact of the designation for the Swiss franc and Swiss assets says J. Safra Sarasin.
Read more: Swiss Franc: Manipulation Badge of Little Consequence says Swiss Private Bank
Two major European investment banks are backing the Pound to rally against the Swiss franc in 2021, provided a free trade agreement is agreed between the EU and UK before the transition period finishes at year-end.
Read more: Stronger Pound-Franc Rate a Top Bet for 2021
The Swiss franc remains one of the best performing major currencies of 2020, although gains have diminished over the course of the past month and further losses are possible in 2021 say analysts.
Read more: Swiss Franc's Period of Outperformance Over for Now say some Analysts
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
