Most investment banks expect only limited USD/CHF changes this year, but the analysis of market conditions is notably different. If inflation pressures subside, both franc and dollar will tend to weaken but, if inflation is sticky, both currencies will tend to strengthen with limited net USD/CHF losses realistic. CIBC expects the Euro will advance against the dollar and franc by the end of 2024 and expects little change in USD/CHF at 0.88. MUFG expects the dollar will retreat slightly further with USD/CHF weakening to 0.86. Danske Bank’s narrative for global markets is notably different to the MUFG and CIBC, but its ... (full story)