Citi maintains Swiss franc outlook ahead of SNB meeting

Citi maintains Swiss franc outlook ahead of SNB meeting

Source: EODHD - https://www.investing.com/news/forex-news/citi-maintains-swiss-franc-outlook-ahead-of-snb-meeting-93CH-4100532
Published: Jun 18, 2025 4:51 AM

Investing.com -- Citi reaffirmed its position Tuesday that the Swiss National Bank is unlikely to cut interest rates into negative territory or intervene in foreign exchange markets in the coming months. The financial services firm cited potential pharmaceutical tariffs as a factor in its analysis. Citi maintains its long position on the Swiss franc against the Japanese yen through the upcoming SNB meeting. Markets currently price in a small probability of a deeper rate cut into negative territory by the Swiss central bank. Citi expects that if the SNB refrains from such action, rate differentials will shift marginally in favor of the Swiss franc, potentially giving the currency a slight upw...

Market context: This update is relevant to USD traders, with USDCHF as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.