- Analytics
- News and Tools
- Market News
- Uncertain environment continues to strengthen Swiss franc – Erste
Uncertain environment continues to strengthen Swiss franc – Erste
Since the recent escalation of energy price hikes in Europe, the euro has weakened slightly again against the franc. Analysts at Erste Group Research expect the EUR/CHF pair to continue its move downward.
Swiss National Bank to raise interest rates by another 25 bps
“We currently expect the situation on the energy markets in Europe to ease from the end of October. In this environment, the euro should be able to strengthen somewhat against the Swiss franc.”
“In the short-term, the upcoming parliamentary elections in Italy (September 25) also pose a further risk of a weaker euro.”
“The short-term development of the exchange rate will also depend heavily on the SNB's next interest rate decision at its meeting on September 22. Currently, we expect the SNB to raise interest rates by another 25 basis points.”
“In the event of escalating geopolitical crises, the Swiss franc could strengthen further against the euro at any time.”
© 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
