EUR/CHF is currently trading south of the 0.96 mark. Economists at Danske Bank analyze the pair’s outlook.
SNB FX intervention to keep a cap on EUR/CHF in the near term
We continue to expect the SNB to hike the policy rate by a final 25 bps at the September meeting bringing it to 2.00%. However, we stress that we rather see it as a matter of fine-tuning monetary policy and do not see the September meeting as fundamental for a long-held bullish view on CHF. Likewise, we continue to expect SNB FX intervention to keep a cap on EUR/CHF in the near term.
We forecast a sustained move lower in EUR/CHF on the back of fundamentals and continued tight financial conditions. We lower our entire profile in light of the lower spot, targeting the cross at 0.94 in 6-12M (from 0.95).
If the SNB decides to fully stop intervening, we see upside potential to EUR/CHF in the near term
Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.
Suka artikel ini? Tunjukkan apresiasimu dengan memberi hadiah untuk penulis.
Balasan 0
Terpopuler
Belum ada komentar.Jadil yang pertama untuk membagikan komentar.
Belum ada komentar. Jadil yang pertama untuk membagikan komentar.