Back in December, I made the argument that the Swiss franc is likely to trade stationary against other major currencies going forward.
My reasons for making this assertion included a general decrease in risk-off sentiment by the markets, the stance of the Swiss National Bank that negative rates continue to remain necessary, and a decrease in concern regarding US-China trade fears.
However, contrary to my prior expectations, we have seen the CHF/USD rise significantly heading into 2020.
Source: investing.com
With the outbreak of the coronavirus in China, stock markets have been retreating as "risk-off" sentiment