The U.S. dollar/Swiss franc (USD/CHF) has improved modestly since the beginning of 2005, but analysts primarily consider that strength a dollar story, not a Swiss story. Overall, the Swiss economy has churned out weak economic performance in recent quarters, and the outlook has not brightened a great deal, which should weigh on the currency outlook in the months ahead.
In January and February, the Swiss franc rallied from 1.1200 to the 1.2260 area. After selling off, the currency pair rallied again, only to stall around 1.2200 in mid-April. Most analysts expecta renewed weaker trend in the U.S. dollar to pressure the dollar/Swiss rate moderately lower in the weeks and months ahead.
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