USDCHF LONG TRADE
The Swiss Franc is expected to trade at 0.92 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.94 in 12 months time.
The Swiss Franc traded at 0.91 per USD in the end of December, depreciating 3% against the dollar in 2021, amid investors’ higher risk sentiment and hawkish stances by the Federal Reserve. Expectations of strong economic revival in the first half of the year, fueled by rapid vaccine rollouts, raised investors’ risk appetite and lowered the demand for haven currencies. At the same time, hawkish stances from the Fed lifted the dollar, while the Swiss National Bank continuously pledged to keep expansionary monetary policy throughout the year, leaving its policy rate in negative territory. On the other hand, the franc gained 5% against the euro to end 2021 at six-year highs, as investors sought the franc’s safety amid market uncertainties due to rising inflation in the eurozone and emerging coronavirus infections.
The Swiss Franc traded at 0.91 per USD in the end of December, depreciating 3% against the dollar in 2021, amid investors’ higher risk sentiment and hawkish stances by the Federal Reserve. Expectations of strong economic revival in the first half of the year, fueled by rapid vaccine rollouts, raised investors’ risk appetite and lowered the demand for haven currencies. At the same time, hawkish stances from the Fed lifted the dollar, while the Swiss National Bank continuously pledged to keep expansionary monetary policy throughout the year, leaving its policy rate in negative territory. On the other hand, the franc gained 5% against the euro to end 2021 at six-year highs, as investors sought the franc’s safety amid market uncertainties due to rising inflation in the eurozone and emerging coronavirus infections.
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