EUR/CHF has been declining since mid-September and is currently trading at the lowest level since 2015. Economists at Danske Bank expect the pair to suffer further losses towards the 1.00 level.
“We believe there is still room for further declines as, 1) persistently diverging price levels favour a fundamentally stronger CHF via PPP 2) the SNB will let CHF appreciate on fundamentals and 3) as a global investment environment characterised by tighter economic policy and global liquidity conditions weighing on growth and inflation momentum favour a stronger CHF.”
“We do a broad revision of our overall forecast of EUR/CHF and now target the cross at 1.00 in 12M (previously 1.08).”
“The key upside risks to our forecast are global yield curves steepening amid a shift in the global investment environment and/or an FX intervention from the SNB in order to avoid EUR/CHF from declining too much.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.