- Analytics
- News and Tools
- Market News
- EUR/CHF may grind lower in the coming weeks – HSBC
EUR/CHF may grind lower in the coming weeks – HSBC
Economists at HSBC hesitate about the animus of the Swiss National Bank (SNB) to tighten its monetary policy. Therefore, the EUR/CHF pair is set to move downward in the coming weeks.
The correction lower in USD/CHF may already have run its course
“We are not convinced that the SNB has truly pivoted toward the exit in its recent guidance, with the central case still pointing to negative rates and a willingness to intervene in FX. The 16 June SNB meeting will offer greater clarity on this.”
While EUR/CHF may grind lower in line with EUR/USD in the coming weeks, we think the correction lower in USD/CHF may already have run its course.”
© 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.
Bank transfers
