- Analytics
- News and Tools
- Market News
- EUR/CHF to enjoy gains as SNB takes its time with a lift-off – Commerzbank
EUR/CHF to enjoy gains as SNB takes its time with a lift-off – Commerzbank
As economists at Commerzbank note, it remains to be seen how quickly the Swiss National Bank (SNB) will actually implement a lift-off. Until then, the euro is set to outperform the franc.
SNB’s communication U-turn was overdue
“It can be assumed that the SNB is likely to be interested in ending its negative interest rate policy. It would therefore make sense to follow the ECB’s course. Seeing that the latter is likely to hike its key rate in July it is high time for the SNB to make a communication U-turn.”
“If price pressure in Switzerland was not going to increase over the coming months the SNB might take its time with a lift-off. Until then the EUR might have the upper hand over CHF due to the more hawkish ECB.”
© 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
