CHF: Swiss franc to underperform ahead of Oct ECB - ING

Sandeep Kanihama FXStreet Contributor

EUR/CHF has held onto its gains despite the Catalan crisis and will also be digesting the outcome of the Austrian elections over the weekend, notes the research team at ING.

Key Quotes

“We remain constructive on EUR/CHF but are a little surprised that CHF sight deposits (Mon) haven't fallen more quickly - suggesting investors are retaining CHF longs.”

“Local events see September trade data on Thursday. Net trade had detracted from GDP in 2Q17; any softer data would reinforce the view that Swiss growth underperforms the Eurozone - and that the SNB will normalise policy later than ECB.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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