Swiss Franc Makes Comeback Amid Rising Global Uncertainty
The Swiss franc is making a comeback in the forex market due to its potential as an alternative funding currency for carry trades.
This trend has been driven by the Japanese government's efforts to curb the rise of USD/JPY, which has led to the yen being used more actively as a funding currency.
However, using the Swiss franc in this role carries significant risks, particularly with heightened geopolitical and political uncertainty.