ING Analyst Chris Turner Says Swiss Franc Could Extend Losses if SNB Keeps Rates at Zero
2026-07-28 08:07:15
According to Jin10, ING Group analyst Chris Turner said the Swiss franc could weaken further if the Swiss National Bank keeps rates at zero this year. He said that as global oil prices rise and push global interest rates higher, Switzerland's low-rate environment has left the franc weak. Turner added that the franc could be used by investors as a funding currency for carry trades because borrowing costs are low, and he expects the dollar to rise to 0.85 against the franc in August if the Federal Reserve raises rates on Wednesday.
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