Over the next few months, a huge amount of interest-free deposits can be converted into Swiss Francs. As a result of these operations, the Swiss bank will probably have to change its policy, reset inflation and "reprint" money to prevent the Swiss franc. The US dollar is the world currency used for international settlements. For this purpose large banks, national banks, states and huge companies hold dollars as an interest-free deposit. It is estimated that it is a sum of about $ 36 trillion. If only 10% of the deposits are converted into francs, and such a vision is how much will disappear from the FX market? Conversion even made in batches will lead to avalanche strengthening of the Swiss franc. And why CHF? So far the competitor of the dollar was EURO and JEN. EURO is again attractive, but it carries a lot of risks, harsh economies of the south, uncertain situation of banks, unrealized Brexit. JEN is a high risk for North Korea's attack, as well as a stagnant economy largely dependent on the state of the Chinese economy, as well as a strong dependence on NIKKEI's situation, as Japan will invest in its Japanese listed companies. And what risk is the Swiss franc? ? I do not know any except for reprinting and zeroing interest rates. Let's have a look at the USDCHF chart where Swiss franc can be routed?
