Global Tensions Are Shaking Analysts’ View of Swiss Franc
- MUFG sees no ‘clear catalyst’ for Swiss franc to weaken
- Analysts see franc at 1.16 by end-2018, vs May call for 1.20
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It was supposed to weaken this year, but rising global tensions are shaking analysts’ conviction on the fate of the Swiss franc.
The currency has advanced 3 percent against the euro this quarter, the best performance among Group-of-10 exchange rates. That strength, combined with investors’ haven demand from Italian political worries and global trade spats, have spurred analysts to revise up their forecasts.