The Swiss Franc is forecast to extend higher against the Euro and U.S. Dollar by analysts at private Swiss bank J. Safra Sarasin who have this week announced they are updating their Franc forecasts.
Read more: Swiss Franc "to push higher vs EUR and USD" says Leading Swiss Private Bank
Global stock markets and 'risk on' currencies such as the Australian Dollar and South African Rand are recovering while those financial assets that do well in times of market anxiety - such as the Yen, Swiss franc and Gold - are on the way down.
Read more: Why Markets are Losing their Fear of Coronavirus
The Swiss Franc is being touted as being the ultimate safe haven in the current virus-driven market sell-off which suggests further upside is likely if anxieties continue.
Read more: Swiss Franc "Seen as the Ultimate Safe Haven" Amidst Coronavirus Scare, but is Becoming...
Swiss investment bank Julius Baer says they are upgrading their forecasts for the Swiss Franc, citing supportive economic fundamentals and a Swiss National Bank (SNB) that can afford to be more tolerant of the currencies relative strength.
Read more: Swiss Franc Forecasts Upgraded at Julius Baer, Cite Economic Resilience
The Swiss Franc continues to march higher and the Swiss National Bank might find it will have to cut interest rates in response, according to Andrew Kenningham, Chief Europe Economist at Capital Economics.
Read more: Swiss Franc Strength Could Force SNB to Slash Interest Rates to -1.0%