CHF could strengthen on Greek jitters – BAML

FXStreet (Edinburgh) - In the view of analysts at BAML, the Swiss franc could pick up pace if the situation in Greece deteriorates further.

Key Quotes

“CHF remains sensitive to external events and EUR/CHF in particular will continue to be vulnerable to ECB action and to the vagaries of global risk sentiment”.

“Negotiations between Greece and its Eurozone partners have been difficult and are ongoing”.

“So far effects have been minimal, but significant deterioration in the situation could trigger inflows back into Switzerland, strengthening the currency”.