EUR/CHF set to enjoy another leg higher – Commerzbank
|The Swiss franc eased against the euro over the past few days. Economists at Commerzbank expect the EUR/CHF to extend its grind higher.
Switzerland’s status-quo in monetary policy to continue
“At present, there is little reason for the SNB to abandon its stance that its current monetary policy is appropriate. Amongst ECB members, on the other hand, there are an increasing number of voices favouring a first-rate hike in July.”
“Unless the news flow in connection with the war in Ukraine deteriorates significantly or other factors such as recession worries greatly unsettle the markets, the Swiss franc is likely to be less in demand as a safe haven and the domestic very expansionary monetary policy will continue to put pressure on the franc.”
“Unless the ECB sends out dovish signals again all of a sudden, which we do not expect, EUR/CHF might appreciate a little further.”
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.