SNB to intervene in Forex? Forecast as of 04.06.2024

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Japan is not the only country using currency intervention. Switzerland resorted to them to turn the franc into the best G10 currency in 2023. Will CHF weakening in 2024 be a reason to return to interventions? Let’s discuss this and make a trading plan for USDCHF and EURCHF.

Monthly Swiss franc fundamental forecast

Investors were frightened by Swiss National Bank Chairman Thomas Jordan’s speech that the weak franc was the most likely source of higher inflation and the SNB could fight it with interventions. As a result, investors rushed to sell USDCHF and EURCHF. The Swiss franc had its best weekly performance… Read full author’s opinion and review in blog of #LiteFinance

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