EUR/CHF corrects higher as Switzerland faces US tariff pressure – ING
|There is much soul-searching in Switzerland after the country was slapped with 39% US tariffs last week, ING's FX analyst Chris Turner notes.
EUR/CHF edges higher as Switzerland braces for US tariffs
"If those tariffs stick, this will add to the disinflationary forces in Switzerland, which are keeping CPI near 0% year-on-year. EUR/CHF is starting to correct a little higher on the news, though any last-minute deal this week ahead of the tariff implementation on 8 August could see EUR/CHF reverse."
"We don't see a sustained rally in EUR/CHF until the ECB has definitely finished its easing cycle – something we may not know for certain until next year."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.