Economists at ING expect EUR/CHF to trend lower in 2023 and see the pair in the 0.95 region into next spring.
“If we are right with our call for the Dollar to strengthen into the first quarter of 2023, then EUR/CHF will have to come lower – helped in part by SNB intervention.”
“Our call is that EUR/CHF continues to struggle to hold any gains over 0.99 and heads back to the 0.95 area into next spring.”