#EURCHF @ 0.96992 to move lower toward 0.93 over the coming months – Danske Bank
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EUR/CHF has traded fairly volatile, most recently moving back up to 0.97. Nonetheless, economists at Danske Bank expect the pair to edge lower toward 0.93 over the coming months.
“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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