CHF still enjoys “safe haven” allure, but this factor will be less supportive in the coming weeks – HSBC
|Economists at HSBC discuss the Swiss Franc outlook. Its “safe haven” is likely to be less supportive in the coming weeks.
CHF to move largely sideways against the USD in the weeks ahead
“The CHF can still enjoy occasional ‘safe haven’ allure, but we expect this factor will be less supportive in the coming weeks.”
“CHF weakness against the EUR may be tempered but not reversed by SNB FX interventions.”
“We expect the CHF to move largely sideways against the USD in the weeks ahead.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.