Forecasts for the Swiss franc change all the time, affected by relative sentiment towards the Swiss economy and the traditional Risk-off flight to safety effect towards the Swiss Franc.
There was then some reprieve in the risk-off market sentiment helping the Swissie back to the 1.08 level vs the greenback.
04 Oct 2021
20 Jul 2021
18 Oct 2020
19 Oct 2016
21 Oct 2011
23 Oct 2001
The recent weakness in the Swiss franc is due to rumbles of interest rate rises in the US.
Analysts predict a EUR/CHF recovery toward 1.10 with expectations of greater declines relative to New Zealand, Australian and Canadian Dollars and to a lesser extent Pound Sterling.
Switzerland has the lowest official cash rate in the world and the lowest bond yields, which makes the Franc sensitive to increases in interest rates in other countries.
You can also read our full Foreign Exchange Guide to Switzerland.
Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.