EUR/CHF: Moderate upside potential – Commerzbank

FXStreet Insights Team FXStreet

Economists at Commerzbank expect the EUR/CHF pair to enjoy modest gains next year.

Scope for a stronger Franc again in 2025

We see a moderate depreciation of the Franc against the Euro next year.

The EUR should benefit from the fact that market expectations regarding interest rate cuts in the Eurozone are likely to prove premature. At the same time, inflation in Switzerland is likely to remain at low levels next year, meaning that the SNB should allow the Franc to depreciate to some extent.

By 2025, however, we see scope for a stronger Franc again. This is because inflation is likely to remain low in Switzerland, while it should be above the ECB target in the Eurozone.

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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