#EURCHF @ 0.95367 to tick down towards 0.93 over months ahead – Danske Bank
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Economists at Danske Bank continue to expect EUR/CHF to move downward in the coming months. The pair is forecast at 0.93 on a 12-month view.
“We expect the SNB to hike by 75 bps in December to curtail underlying inflation pressures bringing the policy rate to 1.25%.”
“With the SNB broadly following the ECB, we see relative rates as an inferior driver for the cross.”
“We continue to forecast the cross to move lower on the back of fundamentals and a tighter global investment environment.”
“We continue to forecast EUR/CHF at 0.93 in 12M.”
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