BITPRISMIA
UBS maintains its Swiss franc (CHF) forecast despite external pressures from US tariffs and evolving Federal Reserve policy, highlighting the currency's safe-haven status and the interplay of global economic forces.
The Swiss National Bank (SNB) is taking proactive measures to prevent excessive Swiss Franc (CHF) strength, which is crucial for Switzerland's economic stability, export and tourism sectors, and inflation management.
Bank of America (BofA) favors the Swiss Franc (CHF) as a safe haven amid a bearish outlook on the US Dollar, citing its stability and reliability during global uncertainty, while the Euro presents a less attractive risk-reward profile.
The Swiss franc's unexpected decline highlights the impact of US tariffs and global trade instability on currency markets, challenging its traditional safe-haven status.
UBS has revised its forecasts for the Swiss Franc (CHF) due to the Swiss National Bank's (SNB) unexpected interest rate cut and global uncertainty, signaling potential volatility in currency markets.
UBS predicts a weakening Swiss Franc (CHF) against the Euro due to the Swiss National Bank's (SNB) monetary policy shifts, including interest rate cuts and reduced forex interventions.