Swiss National Bank Governor May Signal Rate Cuts, Euro-Swiss Franc Rate at 0.9448

Analysts have suggested that the Governor of the Swiss National Bank, Martin Schlegel, may open the door to further interest rate cuts and currency market interventions during his upcoming speech. However, the bank is unlikely to restart negative interest rate policies in June as market expectations suggest, and its ability to intervene in the currency market is limited.

According to analysts, if financial market volatility increases this quarter, driving up demand for safe-haven assets, the euro-to-Swiss franc exchange rate could quickly fall back to 0.92. Currently, the euro has risen 0.2% against the Swiss franc to 0.9448, reaching a two-and-a-half-week high due to a decrease in global risk capital flows and market optimism about a potential trade agreement between the United States and other countries.