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The Swiss Franc was sold after the Swiss National Bank (SNB) became the first G10 central bank to commence an interest rate cutting cycle, with analysts saying further weakness is now likely as the central bank becomes an outlier.
March 21,2024
J. Safra Sarasin says the Swiss National Bank (SNB) should lower its policy rate in March, independent of the signals that the European Central Bank (ECB) will send at its meeting this week.
March 5,2024
The market is starting to look for competitive pivots, and expectations around SNB rate cuts coming before the ECB and Fed could continue to gain traction. A strong franc could also be a worry for the economy, and a shift in SNB's FX stance can bring further franc downside.
February 15,2024
The head of the Swiss National Bank signalled that the recent strength in the Franc might be reaching uncomfortable levels, hinting at impending policy shifts.
January 18,2024
A leading Swiss bank tells clients to expect notable downside in the Pound to Franc exchange rate over the course of 2024.
January 9,2024
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