Core Viewpoint - The Swiss Franc (CHF) continues to strengthen against the US Dollar (USD), driven by its status as a safe-haven currency amid rising global political and economic uncertainties [1][2]. Group 1: Currency Performance - As of January 12, the CHF/USD exchange rate is at 1.2527, reflecting a 0.35% increase from the previous trading day [1]. - The CHF/USD has shown a daily trading range of 1.2473 to 1.2547, indicating a volatility of 0.59% [1]. - The current exchange rate stability is reinforced by a strong demand for CHF in large transactions, with a conversion rate of 1 CHF to 1.2485 USD [1]. Group 2: Economic Factors - The traditional safe-haven status of the CHF is bolstered by Switzerland's political stability, long-term trade surplus, low debt levels, and a robust innovative economy [1]. - An agreement between Switzerland and the US regarding tariff disputes has mitigated significant external economic risks, supporting the CHF's strength [1]. - The US Dollar Index has shown insufficient momentum, closing at 98.90 on January 9, which has created favorable conditions for the CHF to appreciate against the USD [2]. Group 3: Market Sentiment and Technical Analysis - The Swiss National Bank's (SNB) stable monetary policy, in the context of rising inflation and nearing interest rate limits, has enhanced market confidence in the CHF [2]. - Technical indicators suggest that the CHF/USD is in a bullish trend, having broken through the upper boundary of a short-term trading range, with potential resistance at 1.2600 if the upward momentum continues [2][3]. - Short-term trading strategies suggest buying in the range of 1.2480-1.2550, with support at 1.2473 and a stop-loss set below 1.2450 [3].
避险需求叠加政策利好 瑞郎创短期新高
Jin Tou Wang·2026-01-12 02:36