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DRR - EUR/CHF Continues To Fall In Spite Of Constructive Backdrop
Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 - 617480280
The EUR/CHF currency pair, which expresses the value of the euro in terms of the Swiss franc, has been traditionally viewed as a risk-on currency pair, owing principally to the Swiss franc's safe-haven characteristics. Switzerland is viewed as a safe haven due to the country's typically positive current account, in addition to its relative political stability.
The Swiss National Bank's short-term rate remains the lowest in G10 FX, at a still-negative rate of -0.75%. In fact, the SNB's short-term rate is the lowest in the world; it is only matched