- Analytics
- News and Tools
- Market News
- EUR/CHF: Bias would be for stronger Franc, but waiting for clearer SNB monetary policy stance – Credit Suisse
EUR/CHF: Bias would be for stronger Franc, but waiting for clearer SNB monetary policy stance – Credit Suisse
Economists at Credit Suisse are now neutral on EUR/CHF, following the pair’s breach of 1.0050 last week.
SNB policymakers are due to speak
“In our last update on EUR/CHF, we aimed for 0.9500 by the end-Q1. The pair briefly traded through the 1.0050 level, where we said our view would be invalidated. This leaves us neutral on EUR/CHF for now. Still, our bias would be for a stronger Franc versus the Euro, but we suggest waiting for more clarity regarding the SNB’s future monetary policy stance.”
“SNB President Thomas Jordan and Governing Board member Martin Schlegel are due to speak on January 20 and 19, respectively. If they insist on a continued restrictive monetary policy stance, it should stop the recent trend of wider interest rate differentials and could even reverse it, with EUR/CHF lower as a result. Should the outcome be neutral, we expect EUR/CHF to trade in a 1.0200-0.9800 trading range.”
© 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
