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EUR/CHF forecast to 0.93 (Swiss National Bank to hike rates in September and December)

This via the folks at eFX.

Danske forecast via eFX:

  • “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.



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