SNB unlikely to object to modest depreciation of the CHF – Standard Chartered
Source Fxstreet
The Swiss Franc (CHF) has been the weakest performer in G10 year-to-date. Economists at Standard Chartered analyze CHF outlook.
It would take a very hawkish SNB to strengthen the CHF further
The CHF has been the weakest performer YTD in G10 and we expect this subpar performance to continue.
It would take a very hawkish SNB to strengthen the CHF further and we don’t see much reason for them to go in that direction, even if they hold steady in March and do not commit to a cut in June.
By most measures, the CHF real effective exchange rate is well above historical averages, and we doubt that the SNB would object to modest depreciation.
Barring a geopolitical shock, we expect it to be a funding currency for both G10 and EM trades.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave the key interest rates unchanged in April and responds to questions from the press.
The Gold price (XAU/USD) attracts some sellers to near $3,390 during the early Asian session on Monday.
Token Terminal data revealed that smart contracts deployed on the Ethereum network hit an all-time high of 8.7 million in the fourth quarter of 2025.
My Top 5 Stock Market Predictions for 2026Five 2026 market predictions written in a native, news-style voice: AI’s winners and losers, broader sector leadership, dividend demand, valuation cooling as the Shiller CAPE sits at 39 (Dec. 31, 2025), and quantum-computing bursts—while keeping all original facts and numbers unchanged.
Five 2026 market predictions written in a native, news-style voice: AI’s winners and losers, broader sector leadership, dividend demand, valuation cooling as the Shiller CAPE sits at 39 (Dec. 31, 2025), and quantum-computing bursts—while keeping all original facts and numbers unchanged.
Gold declines below $4,500 on stalled US-Iran ceasefire talks, US NFP data loomsGold price (XAU/USD) edges lower to near $4,470 during the early Asian session on Friday. The precious metal remains volatile amid ongoing geopolitical turmoil. Traders will closely monitor the developments surrounding the US-Iran peace deal and the US May employment report later on Friday.
Gold price (XAU/USD) edges lower to near $4,470 during the early Asian session on Friday. The precious metal remains volatile amid ongoing geopolitical turmoil. Traders will closely monitor the developments surrounding the US-Iran peace deal and the US May employment report later on Friday.
Related Instrument
