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June 18, 2026

EURCHF Euro Resilience Meets Fading Swiss Franc Appeal

FX StrategyFX

The report projects an upward trend for EURCHF toward 0.93, driven by the ECB's hawkish stance and the Swiss franc's status as a primary funding currency for carry trades. Geopolitical easing following the US-Iran peace deal reduces safe-haven demand for the franc.

Key Takeaways

  • 1.The euro is expected to remain resilient and trend higher toward 0.93, supported by a hawkish ECB and yield advantages.
  • 2.The Swiss franc is expected to underperform due to fading safe-haven demand and a dovish SNB.

Table of Contents

  • ECB hawkishness supports the euro amid growth concerns
  • Fading 'safe-haven' demand and dovish SNB weigh on the franc
  • Investment considerations

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Authors

Constantin BolzClémence Dumoncel

Securities

EURCHF

Themes

Carry TradeMonetary Policy Divergence

Regions

EuropeSwitzerlandIran