Swiss Economicblogs.org
In spite of rate differentials, the dynamics driving US Treasuries and possible changes in global growth may limit yen and franc decline.The start of the year has seen the Japanese yen and Swiss franc appreciate strongly against the US dollar (they rose by 5.6% and 4.4% respectively between 1 January and 22 February) despite higher US yields. However, this rise in US yields came with heightened market volatility, favouring safe haven currencies such as the yen and franc.Indeed, both...
Read More »Less scope for yen and Swiss franc depreciation
