13 Aug 2015
Swiss franc expected to depreciate further – BTMU
FXStreet (Edinburgh) - Strategist at BTMU Lee Hardman sees the Swiss safe haven currency losing further ground in the upcoming months.
Key Quotes
“Overall, the latest developments support our view that the Swiss franc is likely to weaken further in the year ahead”.
“We had been expecting only a very gradual pace of weakening for the Swiss franc against the euro given that the ECB is likely to continue with aggressive monetary easing, which may even need to be expanded further in light of disinflation pressures from the renminbi devaluation and lower commodity prices”.
“However, our expectation for only gradual Swiss franc weakness may prove too cautious as EUR/CHF is already at our Q2 2016 forecast of 1.0900”.
Key Quotes
“Overall, the latest developments support our view that the Swiss franc is likely to weaken further in the year ahead”.
“We had been expecting only a very gradual pace of weakening for the Swiss franc against the euro given that the ECB is likely to continue with aggressive monetary easing, which may even need to be expanded further in light of disinflation pressures from the renminbi devaluation and lower commodity prices”.
“However, our expectation for only gradual Swiss franc weakness may prove too cautious as EUR/CHF is already at our Q2 2016 forecast of 1.0900”.