19 Jun 2015
EUR/CHF still seen at 1.10 in 12-month – Danske Bank
FXStreet (Edinburgh) - Senior Analyst at Danske Bank Christin Tuxen expects the cross to advance towards the 1.10 level in a year’s time.
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”.
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”.