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Swiss Franc: Currency Strength Likely To Prevail
The Swiss franc continued to see an overall climb against the euro and dollar last month, in spite of significant volatility. Risk-off sentiment and increasing speculation that Switzerland's currency practices could be labelled as "manipulative" by the U.S. are pushing the currency upwards. For this reason, I see Swiss franc strength prevailing going forward. Last month, the Swiss franc had been rising against the greenback as fears of a second wave of COVID-19 gripped the markets, and demand for safe haven assets grew. Recent Performance On the whole, the growth in the CHF/USD continued into July, and ... (full story)