EUR/CHF expected to see 1.10, 12-M view – Danske

FXStreet (Barcelona) – Christin Tuxen, PhD, Senior Analyst at Danske Bank, expects EUR/CHF to see some relief later in the year as Eurozone growth and inflation picks up, and hence forecast the pair to see 1.10 levels over a 12 month view.

Key Quotes

“We maintain the view that the CHF could strengthen near term on Greece worries and ECB QE weighing on the EUR still; we see EUR/CHF at 1.04 in 1-3M.”

“However, we emphasise that EUR/CHF (and hence the SNB) will get some relief later in the year when euro-zone growth and inflation pick up and the pricing of an eventual ECB exit moves to the fore as a result. The SNB will thus likely keep policy rates at – 0.75% for now. We continue to target EUR/CHF at 1.10 in 12M.”

Christin Tuxen, PhD, Senior Analyst at Danske Bank, expects EUR/CHF to see some relief later in the year as Eurozone growth and inflation picks up, and hence forecast the pair to see 1.10 levels over a 12 month view.

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