More on the CHF - EUR/CHF to gain longer term

Author: Eamonn Sheridan | Category: News

Credit Agricole is looking for the euro to rebound against the CHF, to 1.15 by end 2020

  • Advise not to sell EUR/CHF but to enter "long-term oriented longs"
  • CA see the CHF weakening in time 
On the Swiss National Bank:
  • "Since diverging ECB-SNB policy differentials have failed to stabilise the EUR/CHF cross, it remains far too early to expect the central bank to turn less cautious, especially as the currency will remain a key driver of the central bank's decision-making process" 
CA says that the use of euro for funding carry may have complicated the cross's typical pattern by lowering the franc's sensitivity to improving global risk sentiment
  • "We expect this to change in the coming quarters with the SNB ultimately doing its utmost to keep interest rates low or lower for comparatively longer than, for instance, the ECB" 





ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose