Having depreciated against both the US dollar and the euro since the start of this year, the franc rose against both currencies in March. Nonetheless, economists at Capital Economics forecast the franc to ease back over the coming years. Rotation trade to resume and to drag the franc lower “We expect the rotation trade to resume soon, in part because we expect long-term yields in the US to rise again, and also because we think that the vaccine-driven bouncebacks in activity may disproportionately benefit stock market sectors more sensitive to the health of the economy. Against this backdrop, we think that it will only be a matter of time before the Swiss franc resumes its gradual decline, which would be cheered by the SNB.” “We have pencilled in the currency falling to CHF 1.14 per euro by year-end, from CHF 1.10 at present, and to close to parity with the US dollar over the same period (from CHF 0.92 currently).” 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 EUR/USD: Poised to extend its advance above 1.20 FX Street 2 years Having depreciated against both the US dollar and the euro since the start of this year, the franc rose against both currencies in March. Nonetheless, economists at Capital Economics forecast the franc to ease back over the coming years. Rotation trade to resume and to drag the franc lower "We expect the rotation trade to resume soon, in part because we expect long-term yields in the US to rise again, and also because we think that the vaccine-driven bouncebacks in activity may disproportionately benefit stock market sectors more sensitive to the health of the economy. Against this backdrop, we think… 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.
