USD/CHF: Strong Swiss Franc concerns – ING

The USD/CHF has broken below 0.7800, raising concerns in Zurich as the trade-weighted Swiss Franc approaches new all-time highs. Analysts suggest that if this trend continues, the Swiss National Bank may need to consider negative rates again. Resistance is noted at 0.7800/7810 for USD/CHF. NG Bank Global Head of Markets and Regional Head of Research for UK & CEE Chris Turner notes.
Swiss Franc strength raises alarms
"The fact that EUR/CHF is offered near 0.92 and that USD/CHF has broken under 0.7800 will be ringing alarm bells in Zurich."
"If this USD/CHF move is to continue, 0.7800/7810 should now prove resistance."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Author

FXStreet Insights Team
FXStreet
The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

















