The Swiss franc was little changed at 0.89 per USD on Monday, after US President Trump signed a Covid-19 aid bill, preventing a government shutdown. Meantime, the franc depreciated to 1.088 against the euro, the lowest since June 8th, as investors reacted to the UK and the EU striking a long-awaited Brexit trade deal. On the monetary policy front, the SNB held interest rates unchanged at a record low during its December meeting and pledged to intervene more strongly in the foreign exchange market to stop the rise of the highly valued franc. Meantime, the US Treasury Department designated Switzerland as currency manipulators.
Historically, the Swiss Franc reached an all time high of 4.32 in January of 1971. Swiss Franc - data, forecasts, historical chart - was last updated on December of 2020.
The Swiss Franc is expected to trade at 0.89 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.91 in 12 months time.