Swiss Franc Lagging as SNB Intervention Risk Persists: OCBC
OCBC strategists note the Swiss Franc has lost safe-haven appeal due to ongoing intervention risk from the Swiss National Bank and low yields.
CHF
OCBC Bank strategists Sim Moh Siong and Christopher Wong commented on the Swiss Franc (CHF), stating that the currency has lost much of its safe-haven appeal.
The analysts attribute this to persistent intervention risk from the Swiss National Bank (SNB) and low yields, which continue to weigh on the franc. No further details were provided in the initial note.
Source: FXStreet Forex News