Swiss National Bank rate cut has undermined the CHF, demoted to funding currency of choice ...Middle East

ICYMI, presenting the Swiss National Bank rate cut:ForexLive European FX news wrap: Swiss franc falls as SNB surprises with rate cutI had the heads up on this during APAC hours on Thursday, giving an assessment of a 30% chance of a cut:Swiss National Bank policy decision due Thursday, 21 March 2024 - previewHSBC analysts response is a good oneSwissy ahead:“The CHF has already been an underperformer this year and is now likely to extend this underperformance. Being the first G-10 central bank to cut will undermine the currency for a carry perspective with the CHF likely to be increasingly seen as a funding currency of choice in a world of low FX volatility. The language on the currency by the

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