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Aug 23 - 12:55 AM

CHF: SNB To Hike By 50bps In September And December; EUR/CHF Towards 0.93 - Danske

By eFXdata  —  Aug 22 - 04:30 PM

Danske Research discusses CHF outlook and targets EUR/CHF towards 0.93 in 12- months.

"We expect the SNB to hike by 50bp again in September and December to curtail underlying inflation pressures bringing the policy rate to 0.75%. With the SNB broadly following the ECB, we see relative rates as an inferior driver for the cross," Danske notes. 

"We continue to forecast the cross to move lower on the back of fundamentals and a tighter global investment environment. We thus lower our overall forecast profile and now forecast EUR/CHF at 0.93 in 12M," Danske adds. 

Source:
Danske Research/Market Commentary

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