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Flailing under pressure from the outsize economic influence of the US and EU in moving markets, the CHF’s role as a safe heaven is in much less demand, leaving it out of many major currency transactions, according to foreign exchange analysts.
The CHF has been losing favor with investors for some time as the global economic situation has increased a willingness to take risks lowering demand and driving a continued weakening against both the euro and the dollar that has reached levels vis-à-vis both currencies not seen since 2019 and during peaks in 2020.
By Milan Sime Martinic