Switzerland’s currency is poised to attract a fresh set of buyers as major central banks elsewhere shift their focus toward stimulating growth and away from their battles against inflation.
Traders have turned bullish on the franc in the past few weeks, something that hasn’t happened since September 2021. The shift has been fueled by an expected divergence between the Swiss National Bank, which has tightened policy, and central bankers in Europe and China, where slumping growth rates have lifted expectations for future monetary policy easing.
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