- Analytics
- News and Tools
- Market News
- EUR/CHF: Acceptance of higher levels amongst SNB members should rise again – Commerzbank
EUR/CHF: Acceptance of higher levels amongst SNB members should rise again – Commerzbank
One central bank that seems to have almost emerged victorious from the fight against inflation already is the Swiss National Bank (SNB). Economists at Commerzbank analyze EUR/CHF outlook.
Current CHF exchange rate likely to be distorted towards a stronger Franc
The Swiss Franc should be at an advantage due to the disinflation progress already achieved in Switzerland. We nonetheless project a weaker CHF. That is because another aspect is of relevance when it comes to the Franc. Due to the SNB’s interventions, the current CHF exchange rate is likely to be distorted towards a stronger Franc.
If inflation in Switzerland, as we expect and as the SNB is likely to expect as of Thursday, will fall back into the target area on a sustainable basis, the acceptance of higher EUR/CHF levels amongst SNB members should rise again, with any speculative distortions being reduced again. We assume that this effect is likely to dominate for the time being.
© 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
