Market news
12.03.2021, 10:57

CHF: Front and center for investors - BofA

eFXdata reports that Bank of America Global Research discusses CHF outlook and sees a scope for further CHF weakness.

"The performance of CHF has been a strong theme through our recent client meetings.  One thing is clear in our recent interactions: the investment community is nervous about the current levels of CHF, particularly EUR/CHF. There is a compelling case for further CHF underperformance versus higher beta currencies and USD (given our constructive view on the greenback). Despite having hit our year-end target, we are reluctant to call EUR/CHF materially higher from here unless a clear case of policy divergence between the ECB and the SNB emerges," BofA adds.

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