EUR/CHF has continued to move lower. Economists at Danske Bank expect this trend to continue and forecast the pair at parity level in six months.

Franc to appreciate against the euro on the back of fundamentals

“We continue to expect CHF to appreciate against the EUR on the back of fundamentals and a move towards a global investment environment characterised by tighter economic policy and global liquidity conditions.”

“We forecast the cross at 1.02 in 1M (1.04), 1.01 in 3M (1.02), 1.00 in 6M (1.01) and 0.99 in 12M (1.00).”