EUR/CHF FALLS TO KEY TECHNICAL JUNCTURE AMID ESCALATING US-CHINA TRADE WAR
EUR/CHF FALLS TO KEY TECHNICAL JUNCTURE AMID ESCALATING US-CHINA TRADE WAR
The EUR/CHF currency pair has declined to a significant technical level, influenced by the intensifying trade conflict between the United States and China.
The Swiss franc has emerged as a primary beneficiary in the foreign exchange market amid the trade tensions, strengthening notably against major currencies, including the euro and the U.S. dollar.
The SNB faces challenges in its current policy cycle, with discussions about potentially reverting to zero or negative interest rates to counteract currency appreciation and maintain economic stability.
President Donald Trump's enforcement of tariffs on key trading partners, including China, has led to a depreciation of the U.S. dollar against safe-haven currencies like the Swiss franc.
The ongoing trade war has introduced significant volatility in currency markets, with the Swiss franc and Japanese yen experiencing gains as investors seek refuge from market uncertainties.
