Swiss Franc Under Pressure as Carry Trades Gather Pace. Forecast as of 19.08.2026

The lack of support from the central bank, divergent monetary policies, and the Swiss franc's growing use as a funding currency instead of the Japanese yen are pushing the EUR/CHF and USD/CHF higher. Let's examine the factors driving these moves and develop a trading plan.Major Takeaways The franc is a preferred funding currency. Speculators are increasing their short positions in the Swiss franc. The SNB is unlikely to raise rates in the near term. Long positions on the EUR/CHF can be considere