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Aug 16 - 08:55 AM

EUR/CHF - Is On Course For 2022'S Low - Maybe Much Lower

By Jeremy Boulton  —  Aug 16 - 07:15 AM
  • Reduction of Swiss FX reserves is underpinning franc

  • Due to this EUR/CHF has been falling during period stocks rising

  • Now stocks retreating franc could surge nL1N39X0J7

  • SNB cannot intervene without boosting reserves it's reducing

  • Flow of funds out of Switzerland that's seen deposits collapse may cease

  • Sights deposits down nearly 300 billion francs since September

  • Rising deposits, falling reserve and risk aversion will support franc

  • EUR/CHF is on course for 2022's low at 0.9420

  • A drop to the record low at 0.8500 possible should pair drop under 0.9327

Refinitiv IFR Research/Market Commentary


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