The Swiss franc has depreciated against the euro in the past month, despite the fact that the euro itself has weakened on a trade-weighted basis. This appears to be partly a correction following the sharp appreciation of the franc in the aftermath of the Swiss National Bank’s (SNB) abandonment of the ceiling it had set of 1.20 francs against the euro. Another driver has probably been the action of the SNB, which appears to have intervened to prevent the franc from appreciating too far.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services