- Analytics
- News and Tools
- Market News
- EUR/CHF will hover around the 0.95 level for most of next year – ING
EUR/CHF will hover around the 0.95 level for most of next year – ING
EUR/CHF has seen some sharp losses this week to dip below the 0.95 mark. Economists at ING analyze the pair’s outlook.
Were EUR/CHF to fall too sharply, the SNB would probably flip from being an FX seller to an FX buyer
We do not see the case for a substantially lower EUR/CHF. Yes, the Swiss National Bank (SNB) has been driving it lower through FX sales, yet we argue that the SNB’s desire for a stronger Swiss Franc will wane. This is because the inflation differential to major trading partners is narrowing quickly and means less need for a stronger CHF to keep the real exchange rate stable.
We tend to think EUR/CHF will hover around the 0.95 level for most of next year. Were EUR/CHF to fall too sharply, the SNB would probably flip from being an FX seller to an FX buyer.
© 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
