empty
02.08.2022 11:04 AM
Handsome franc: The Swiss currency has risen in the ranking of currencies in 2022

This image is no longer relevant

The Swiss currency continues to strengthen against its main competitors: the US dollar and the euro. At the same time, many analysts are determined that the franc rally will last at least until the end of the year.

Last Friday, the Swiss National Bank reported that the franc has risen significantly in the ranking of major currencies. Now CHF claims to be one of the best assets in 2022.

Recall that at the beginning of the summer, the Swiss currency was not doing well. It was closer to the bottom of the list and significantly lost to the dollar.

The reason for the franc's weakness was the divergence in the monetary policy of the Federal Reserve and the SNB. While the US central bank was already actively fighting inflation by raising interest rates, its Swiss counterpart adhered to a dovish position.

Everything was changed by the SNB's June meeting, at which an unexpected and even shocking decision was made for the markets. For the first time in 15 years, the SNB raised rates, and immediately by 50 bp, to -0.25%.

The beginning of the tightening of the monetary policy of the central bank, due to increased inflationary pressure in the country, was a turning point for the franc.

In addition, many analysts believe that the Swiss currency exchange rate was supported by the SNB's decision to sell its huge foreign exchange reserve assets.

The fact that the Swiss central bank still took this step is indicated by its semi-annual report released at the end of last week.

According to published data, the SNB's balance sheet is shrinking rapidly. Thus, in the first 6 months of the year, its assets in foreign currency decreased by 10%, and the largest monthly drop was registered in June, when the normalization of monetary policy was announced.

Meanwhile, the markets now expect that the SNB will continue to raise interest rates at its next meetings. According to forecasts, the indicator will be increased again by 50 bps in September, and it will be raised by 25 bps in December.

According to experts, further proactivity of the SNB in relation to interest rates and inflation, as well as its monetary policy, will contribute to the strengthening of the franc.

Thus, the Canadian bank TD Securities predicts a fall in the USD/CHF pair from 0.95 to 0.93 by the end of the year, since the Fed's hawkish fuse should be noticeably extinguished by this time on fears of a recession.

Analysts also expect that in the foreseeable future, the EUR/CHF currency pair will remain at a low of 0.95, as the impending gas crisis and political uncertainty in the EU will put strong pressure on the euro.

�lena Ivannitskaya,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Resumo de notícias do mercado dos EUA para 14 de março

Ontem, o índice S&P 500 atingiu o nível-alvo de 5.516, o mesmo nível observado em 20 de junho de 2024, que corresponde à retração de Fibonacci de 23,6% de toda

Natalia Andreeva 15:50 2025-03-14 UTC+2

O ouro atinge um recorde próximo de US$ 3.000 por onça. Por que os investidores estão abandonando as ações em massa?

Índices de Wall Street caem 1%, S&P 500 confirma correção As mudanças tarifárias de Trump afetam o sentimento O ouro atinge a maior alta de todos os tempos, a US$

Thomas Frank 15:45 2025-03-14 UTC+2

Confronto de gigantes corporativos: As ações da Intel sobem, a PepsiCo perde terreno

As ações da Intel saltaram após a notícia de que a TSMC estendeu uma joint venture para os fabricantes de chips americanos. A PepsiCo, por outro lado, caiu devido

15:17 2025-03-13 UTC+2

Resumo de notícias do mercado dos EUA para 13 de março

As ações da Intel subiram após a notícia de uma proposta da TSMC para apoiar os fabricantes de chips dos EUA, fortalecendo a confiança dos investidores no setor de semicondutores

Ekaterina Kiseleva 14:58 2025-03-13 UTC+2

Resumo de notícias do mercado dos EUA para 12 de março

O S&P 500 está sendo negociado em baixa, mas pode reverter para cima: os osciladores sinalizam uma reviravolta As guerras comerciais aumentam: Trump impõe novas tarifas, e os mercados respondem

Irina Maksimova 16:11 2025-03-12 UTC+2

Negócios vs. Trump: Empresas perdem bilhões devido à política de tarifas

O número de vagas nos EUA aumentou para 7,74 milhões em janeiro Kohl's cai devido à péssima previsão de vendas anuais Companhias aéreas pressionam o Dow Transports Trump mantém intenções

Thomas Frank 16:11 2025-03-12 UTC+2

Tesla perde US$ 125 bilhões, Nasdaq cai 4% com o aumento da incerteza econômica

Ações de criptomoedas caem devido aos baixos preços do Bitcoin HSBC rebaixa as ações dos EUA S&P 500 fecha abaixo da média móvel de 200 dias Nasdaq sofre a maior

Thomas Frank 20:11 2025-03-11 UTC+2

Resumo de notícias do mercado dos EUA para 11 de março

pós uma forte liquidação em Wall Street, que levou o Nasdaq 100 à sua pior queda desde 2022, os mercados começam a mostrar sinais de recuperação. Os futuros do S&P

Natalia Andreeva 17:14 2025-03-11 UTC+2

A queda acentuada da inflação na China e a queda do BTC para US$ 80 mil geram preocupação entre os investidores

Os futuros caem depois que Trump se recusa a descartar os riscos de recessão. Os preços ao consumidor da China caem no ritmo mais rápido em 13 meses em fevereiro

16:16 2025-03-10 UTC+2

Resumo de notícias do mercado dos EUA para 10 de março

Os futuros de ações dos EUA caíram à medida que os investidores buscaram ativos de refúgio seguro, em meio a crescentes preocupações sobre a desaceleração da economia

Irina Maksimova 15:39 2025-03-10 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.