Economists at Credit Suisse remain bullish on the Swiss franc and reaffirm their 1.0050 EUR/CHF target.

Peripheral spread widening sends a warning signal to the ECB

“A neutral SNB, fading ECB hawkishness, wider euro area peripheral spreads and geopolitical risks should weigh on EUR/CHF.”

“We continue to believe that the currency pair has further downside potential despite the recent spike higher and stick to our 1.0050 target.”