What are you watching in the franc pairs?

The franc's two faces — safe haven and SNB-managed — play out differently in EUR/CHF and USD/CHF. One reads as policy, the other as fear.

What are you watching in the franc pairs? — central bank rate path diagram
A central bank's policy rate path across recent meetings

Post:

  • which franc pair you follow and why
  • how haven flows are showing up
  • the SNB signals you're tracking
What are you watching in the franc pairs? — risk-reward diagram
A risk-reward ratio of 1 to 2

Background: safe-haven currencies and the SNB preview.

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