Swiss Franc Momentum Tracks Virus Concerns to Reach 2015 Levels
- It last reached this level when SNB lifted currency cap
- Options suggest demand on coronavirus concerns may not last
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The Swiss franc hasn’t faced this much demand since the Swiss National Bank famously abandoned the currency’s cap against the euro five years ago, according to key technical analysis.
An indicator of whether the franc is overbought against the common currency moved below 10 this week for the first time since January 2015, when the central bank triggered one of the biggest shakeups in foreign-exchange history.