The Swiss franc is a safe haven currency and is prone to significant appreciation during a risk-off market cycle. Indeed, the Swiss National Bank is maintaining negative interest rates to ensure that this does not happen - a strong franc hurts Swiss exporters and is not in Switzerland's interest.
However, could sentiment be slowly shifting on this?
On October 9, I made the argument that the CHF/USD could breach the 1.03 level, given that we are seeing concerns regarding jobs growth in the United States. Should economic worries continue, then the dollar could see a