- Scope for the Franc to weaken somewhat against the Euro in the coming quarters – Commerzbank
Market news
27 July 2023
Scope for the Franc to weaken somewhat against the Euro in the coming quarters – Commerzbank
The Franc continued to strengthen against the Euro in July. However, economists at Commerzbank still see a moderately weaker CHF in the course of the year.
SNB should increasingly tolerate a weaker Franc
We have adjusted our EUR/CHF forecast slightly downwards, but maintain the view that the Franc should weaken moderately medium-term.
Price pressures and the risk of second-round effects should continue to ease in the coming months so that the SNB could tolerate a weakening of the Franc to some extent. And with the ECB likely to remain quite hawkish, the EUR should be supported from that side.
Source: Commerzbank Research
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