CHF: Watch for Trump Davos anti-trade risk – ING

Switzerland will be a hot topic in the latter part of next week - but only because world leaders and renowned economists will descend upon Davos to attend the World Economic Forum, according to analysts at ING.

Key Quotes

“In fact, for the Swiss franc, a quiet week in the domestic calendar means that the key driver for EUR/CHF will be the ECB policy meeting. A fairly non-committal President Draghi could see limited risks for EUR/CHF to move above 1.18.”

“There is a trivial risk that heightened anti-trade talk from President Trump keeps risk sentiment sidelined; in this scenario, the safe-haven CHF could find some support.”