The Swiss franc’s role in carry trades, heightened risks of aggressive monetary easing by the Swiss National Bank (SNB), and potential currency interventions are not supporting the bullish outlook on the USDCHF and the EURCHF. Why is this the case? Let’s discuss it and make a trading plan.
Highlights and key points
The franc may replace the yen in carry trades.
There is a significant risk of a 50 bps rate cut by the SNB in September.
Political and economic factors provide a supportive backdrop for the Swiss franc.
USDCHF risks falling to 0.819, and EURCHF to 0.9135.
Weekly fundamental… Read full author’s opinion and review in blog of #LiteFinance
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