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- EUR/CHF to move below 1.03 in light of escalation in Ukraine conflict – Danske Bank
EUR/CHF to move below 1.03 in light of escalation in Ukraine conflict – Danske Bank
EUR/CHF went briefly below 1.03 this morning. If Ukraine tensions escalate further, the pair will trade below the aforementioned level, economists at Danske Bank report.
When tension ease, EUR/CHF will trend higher
“As long as uncertainty remains high, EUR/CHF will trade to the low side and is likely to move below 1.03 near-term if the situation escalates further.”
“Whenever the situation eases, we expect the cross to move higher again.”
See: EUR/CHF to tank towards 1.00 if situation in Ukraine worsens further – ING
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