He writes, “The CHF is very expensive by long-term metrics as the JPY is. Japan has been overtly putting pressure to weaken its currency. Switzerland seems far more subtle, but no less determined to achieve the same. ZKB was the latest bank to move to negative interest rates. The move in CHF is likely to mimic to some extent that of the Yen but it is hampered by far better fundamentals. It is the chocolate monster after all. Long live Spruengli.”
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 securities. 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 Forex 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.