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- EUR/CHF: SNB to become nervous on accelerations below 1.10 – SocGen
EUR/CHF: SNB to become nervous on accelerations below 1.10 – SocGen
FXStreet reports that economists at Société Générale discusses EUR/CHF prospects.
“EUR/CHF is now correlating with EUR/USD, which will be a very big headache for the SNB if the euro does crumble as Fed tightening draws closer.”
“Our forecasts suggest that the SNB’s FX reserves are going to grow again in the year ahead.”
“EUR/CHF is set to remain below 1.10, but the central bank is most likely to vigorously absorb any downside acceleration towards 1.05, limiting bouts of franc strength.”
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