- Analytics
- News and Tools
- Market News
- EUR/CHF seen lower at 0.9200 by end-2023 – JP Morgan
EUR/CHF seen lower at 0.9200 by end-2023 – JP Morgan
Analysts at JP Morgan offer a negative outlook for EUR/CHF for the year 2023, with a target of 0.95 in Q1 2023 and 0.92 by the end of 2023.
Key quotes
“CHF's anti-cyclical properties and the SNB's bullish policy regime shift for the currency point to further downside for EUR/CHF into 2023.”
“The CHF remains one of the best proxies of global growth, serving as a reliable hedge against lingering downside risks to the cycle next year.”
“Real rate differentials and Switzerland's sustained current account surplus remain bullish CHF tailwinds, particularly vs. EUR.”
“Deleveraging flows should also be CHF-supportive.”
© 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
