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- Swiss franc to underperform as risk appetite persists - MUFG
Swiss franc to underperform as risk appetite persists - MUFG
FXStreet reports that the US dollar suffered again on Tuesday with investor optimism lingering. Economists at MUFG Bank believe the risk appetite can persist and, subsequently, expect the CHF to underperform while the NOK, the CAD, the GBP and the EUR could catch-up in coming days due to different reasons.
“NOK, CAD (oil-related) and GBP (Brexit) are the three worst performing G10 currencies on a year-to-date basis but given our bullish oil price view and given the likelihood of a UK-EU trade deal in the coming days, we see scope for these underperformers to play catch-up.”
“The Swiss franc is the second best performing currency and if this level of risk appetite persists, is likely to underperform further.”
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