Swiss franc to fall as Bundesbank predicts Swiss central bank may cut rates twice more
Deutsche Bank believes that the Swiss franc will fall in the coming months as the Swiss central bank cuts interest rates. The Swiss central bank has made it clear that it does not welcome the strength of the Swiss franc and therefore may cut rates further in the coming months to counter the situation. Although the Swiss central bank may cut rates two more times this year, the Swiss franc's decline should be limited as global safe-haven demand is unlikely to disappear. Deutsche Bank forecasts that the euro will rise to 0.98 against the Swiss franc by December.
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