IS THE SWISS FRANC SET TO STRENGTHEN?
Since the start of the year , the Swiss franc is the G10 currency that has appreciated most against the euro, the EUR/CHF weakening to 1.073 , at its lowest since April 2017. The Swiss franc appreciated mainly after its addition to the US Treasury Monitoring List of major trading partners that merit close attention to their currency practices and macroeconomic policies . Switzerland has been on this list in the past, alongside other countries such as Germany and Japan, but the announcement by the US Treasuries comes at a time when the Swiss currency has already been under upward pressure for several months on account of the risk aversion fuelled by the geopolitical tensions in the Middle East and by Brexit. What then is the medium to long term outlook for the Swiss franc?