The USDCHF pair is currently trading near recent highs, supported by a hawkish Fed, despite fading tailwinds from global risks. UBS expects the pair to test 0.82 before potentially trending lower as Fed policy expectations adjust.
Key Takeaways
- 1.USDCHF is expected to remain near the upper end of its recent range in the short term before gradually moving lower.
- 2.The firm prefers USD over CHF due to the dollar's nearly 4% yield advantage.
Table of Contents
- USDCHF testing recent highs
- Downside triggers have yet to emerge
- Investment considerations:
- Appendix
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Authors
Constantin BolzClémence Dumoncel
Securities
USDCHF
Themes
Monetary Policy divergenceCarry trade funding
Regions
GlobalUnited StatesSwitzerland