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.
Swiss Franc to Fade Alongside Euro-Dollar Rally Or Risk SNB Ire and Intervention
Written by James Skinner
The Swiss Franc's relentless rally against the Dollar will come to an end at the same time as the Euro-Dollar rate turns lower although when USD/CHF does reverse higher it could possibly be at the instigation of the Swiss National Bank (SNB).
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.