Swiss franc and its weakness (for the moment)

The Euro is becoming stronger, CHF is becoming weaker: April could be for Swiss franc investors to the purchase of tourists in the Euro area at the worst month of the last two years. Today, Tuesday the Euro rose to 1.1474 francs.

In the last four weeks, the rise in the common currency by 2.4 percent against the Swiss franc. According to the data of the Agency “Bloomberg” has observed, such a depreciation of the Swiss franc last updated in July 2017. In the foreign exchange market it is not be set quite as negative, with regard to the economic situation of the world economy. That’s why the Swiss franc was in demand as a “safe haven” less.

A weakness in the Swiss franc does not want to speak, the Swiss national Bank SNB. “The Swiss franc is still high,” said SNB President Thomas Jordan (56) recently, in the VIEW Interview. Therefore, the monetary policy of the SNB’s negative interest and the willingness to intervene if necessary in the foreign exchange market is “still very important”.

When it comes to the “Bloomberg”article, Thomas Jordan and the SNB to sleep for at least the next few weeks a bit easier.

Foreign exchange experts believe that the rate levels off at 1.15 francs. Experts of the Bank Credit Agricole expect a further Swiss franc weakening to a rate of just under of 1.20. The SNB would be pleased, Swiss retailers as well. Shopping tourists who need to exchange more Swiss francs to the Euro, will have less joy in the weakness of the franc.