The CAD to CHF exchange rate is currently range-bound.
Key drivers include the interest rate differential, with the Bank of Canada maintaining a steady rate which supports the CAD, while the Swiss National Bank's recent cuts have increased CHF strength. Oil prices are also influential; with crude trading near 62.09, any fluctuations may affect the CAD given Canada's reliance on oil exports. Additionally, robust job growth in Canada suggests positive economic momentum, which could support the CAD.
In the near term, the CAD/CHF pair is expected to stay within a stable range, reflecting recent price conditions.
An upside risk could arise from a rebound in oil prices, while a downside risk includes potential further policy changes from the Swiss National Bank, which may enhance the attractiveness of the CHF as a safe haven currency.