18 days ago • Posted by Paul de La Baume

#Swiss franc upside ? #CHF #SNB #EURUSD

The franc is on its way to a strong month after the dollar retreated slightly from its highs. We began highlighting the USDCHF two weeks ago when the pair was showing signs of reversal. Now that it has gained from 0.9850 to around 0.96, what could come next? The Swiss National Bank (SNB) could be looking to make up for lost time and it is reportedly considering a 50bp move in September. SNB officials are proving to show an increasing desire to hike, given the inflationary pressure in the region. The next level in the cards could be 0.95 for USDCHF pair.