Dollar, franc, yen – or rather the Australian dollar and the real?

In the corona crisis, on the other hand, the franc had appreciated against both the dollar and the euro, but was slowed down by the SNB. Although the franc shows some parallels with the yen, such as slow monetary policy normalization and sizeable current account surpluses, I currently prefer the franc. It should also be noted that inflation in Switzerland is still low by international standards, which gives the SNB scope to reduce market interventions.

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