EUR/CHF set to trade back to 0.95 over coming months – ING
|EUR/CHF continues to edge lower after September’s spike to 0.97. Economists at ING analyze Franc’s outlook.
SNB will have to get a stronger Swiss Franc via a lower EUR/CHF
The sense that the SNB has ‘got the Swiss Franc’s back’ has helped make it the strongest G10 currency this year. With the Dollar looking like it wants to stay strong over coming months, the SNB will have to get a stronger Swiss Franc via a lower EUR/CHF. That is why we can see it trading back to 0.95 over coming months.
Also helping EUR/CHF lower should be European political developments and the risk that a re-introduction of the Stability and Growth Pact collides with some loose fiscal policies in southern Europe.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.