HSBC Forecast: Trade Tariffs to Hurt Swiss Economy, Buy EUR/CHF Target 0.9520

  • The Swiss franc has gained strong support since the US Administration launched “Liberation Day” tariffs. The Euro to Swiss franc (EUR/CHF) exchange rate dipped to 4-month lows around 0.9225 before a tentative recovery while the Dollar to Swiss franc (USD/CHF) exchange rate slumped to 13-year lows at 0.8050.