Jin10 Data, July 4th - Analysts at UBS Global Wealth Management stated in a report that the recent strength of the Swiss franc reflects the demand for safe-haven assets before the end of the U.S. equivalent tariff suspension on July 9th. They noted that even if the Swiss franc continues to strengthen on the deadline day, the rise will be limited. They also mentioned that the EUR/CHF is unlikely to fall below 0.9250 for an extended period.
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The Swiss franc is boosted by safe-haven funds ahead of the tariff deadline.
Jin10 Data, July 4th - Analysts at UBS Global Wealth Management stated in a report that the recent strength of the Swiss franc reflects the demand for safe-haven assets before the end of the U.S. equivalent tariff suspension on July 9th. They noted that even if the Swiss franc continues to strengthen on the deadline day, the rise will be limited. They also mentioned that the EUR/CHF is unlikely to fall below 0.9250 for an extended period.