During March the Swiss franc strengthened marginally from 1.0645 to 1.0602 against the euro. CHF’s safe-haven strength countered but strength to persist, according to analysts at MUFG Bank. Key quotes “The SNB, through its’ currency swap facility with the Fed, provided a little over USD 7bn of additional liquidity to Swiss market participants.” “Fiscal support has been provided with a CHF 20bn emergency lending scheme, an additional bridge finance scheme and for loans larger than CHF 500k, 85% can be guaranteed by the government.” “We expect the SNB to continue resisting franc strength but this action will only limit the strength for now and the fallout from this global shock will be with us for some time and hence we see further gradual franc strength ahead.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Nonfarm Payrolls Preview: Dollar’s possible reaction to different scenarios FX Street 2 years During March the Swiss franc strengthened marginally from 1.0645 to 1.0602 against the euro. CHF’s safe-haven strength countered but strength to persist, according to analysts at MUFG Bank. Key quotes “The SNB, through its’ currency swap facility with the Fed, provided a little over USD 7bn of additional liquidity to Swiss market participants.” “Fiscal support has been provided with a CHF 20bn emergency lending scheme, an additional bridge finance scheme and for loans larger than CHF 500k, 85% can be guaranteed by the government.” “We expect the SNB to continue resisting franc strength but this action will only limit the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
