Research: Chf Continues to Benefit from Switzerland’s Large External Surplus and Fickle Risk Appetite

Research: Chf Continues to Benefit from Switzerland’s Large External Surplus and Fickle Risk Appetite





-Near-term, the CHF continues to benefit from Switzerland's large external surplus and fickle risk appetite. Moreover, the narrowing in G10 policy interest rates to Switzerland's/Japan's levels has reduced investor demand for foreign assets.
-However, recent trends in Switzerland's economy, ultra-loose monetary policy by the Swiss National Bank (SNB) and massive and persistent overvaluation of the CHF oblige us to maintain Underweight short- and medium-term FX ratings.

More FOREX-news on pages InstaForex.Com