Gold-Like Swiss Franc May Surge 17%, Morgan Stanley’s Adams Says

The Swiss franc could surge as much as 17% to the dollar amid growing confidence in the currency’s haven status in the face of US policy uncertainty, according to Morgan Stanley strategists.

Switzerland’s low inflation, fiscal soundness, and safety of assets, make the franc “arguably the most ‘gold-like’ safe haven currency,” strategists led by David Adams wrote in a note.