@aywo That’s three months not a year.
Just look at the one year Chart or longer….it’s some days, chf is still to strong…
Just look at the swiss companys reporting in USD…all have bad results because of the Dollar weakness to the CHF.
Your 8% drop is a base effect as inflation was low and now got even lower. 1.3 against 2.0 estimated.
Now we will continue to cut rates, this will also happen in the EU and the USA.
The 8% drop are based on the 1.75% of the SNB which decreased to 1.50%
The EU and the USA will move from 4-5% to 2%…
Where will they drop?
The Swiss Francs is still strong, just weakened currently/tenporarly
This is actually a great situation as usually the SNB does currency manipulation to weaken the CHF, which isn’t nessessary in the current szenario.