Ekonomické zprávy
20.10.2021

EUR/CHF: Looking for further downside to 1.05 – Credit Suisse

FXStreet reports that economists at Credit Suisse revised their EUR/CHF target from 1.0650 to 1.0500.

“Real yields in the euro area should resume their downward trend, which could weigh on EUR/CHF.”

“We believe that the appreciation of the Swiss franc versus the euro will likely continue. Consequently, we lower our current target of 1.0650, which we narrowly missed last week, to 1.0500. We would consider ourselves wrong at levels above 1.0974.”

“The risk to our view would be a more aggressive SNB FX intervention policy instead of just smoothing the accelerating trend in the Swiss franc.”

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