USD/CHF: Fundamental outlook points to a weaker Swiss franc – Goldman Sachs

In the view of the analysts at Goldman Sachs, the Swiss franc is likely to weaken in the coming months.

Key quotes

“SNB sight deposits have picked up slightly in recent weeks, but we do not yet see clear evidence that the central bank has stepped in to curb CHF strength.”

“We still think the fundamental outlook points to a weaker Franc ahead, but it will take some stabilization in the global growth outlook for this trend to resume.”

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