FXStreet reports that economists at Danske Bank discuss EUR/CHF prospects.

“We have revised our EUR/CHF forecasts slightly lower. We still see a case for higher US real rates, in step with the Fed turning more hawkish, which should lift EUR/CHF. We now forecast EUR/CHF will trade at 1.11 in 12M (down from 1.13).”

“The key joker for the pair is if global macro becomes so good in Europe that markets start talking about ECB rate hikes. Today, such a scenario is not in play. A setback in risk sentiment is another joker.”