• EUR/CHF: Base case is for another jump higher in EUR/CHF in Q1 of 2021 - Danske

Market news

24 December 2020

EUR/CHF: Base case is for another jump higher in EUR/CHF in Q1 of 2021 - Danske

eFXdata reports that Danske Research discusses EUR/CHF outlook.

"Following the relief rally in EUR/CHF since early summer, spot remains largely unchanged. The SNB is preparing to continue sweating out the deflationary pressure in the Swiss economy and intervention remains the key policy tool. With the ECB set to hold rates and opt for other easing tools, Swiss policy rates are also set to stay unchanged at the longstanding -0.75% for an extended period of time," Dasnke notes. 

"Towards Q1, our base case is another jump higher in EUR/CHF," Danske adds.

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