Based on the CS CFA Financial Market Survey, the economy remains resilient despite the more virulent second wave of the pandemic. The survey results point to a strong recovery in 2021, with little change to inflation and interest rates. Switzerland’s branding as a “currency manipulator” by the US has not affected the exchange rate expectations of the survey participants. According to the analysts, the Swiss franc will continue to appreciate against the US dollar, while a sideways trend is expected for the EUR/CHF exchange rate.

Read the full article (see under Research: Swiss Economy / Financial Market Survey – December 2020 (PDF))  here.

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