According to Jinshi, Commerzbank believes that the Swiss franc will fall in the coming months as the Swiss National Bank cuts interest rates. The Swiss National Bank has made it clear that it does not welcome the strength of the Swiss franc, so it may further cut interest rates in the coming months to deal with this situation. Although the Swiss National Bank may cut interest rates twice more this year, the decline of the Swiss franc should be limited because global safe-haven demand is unlikely to disappear. Commerzbank predicts that the euro will rise to 0.98 against the Swiss franc by December.
