EUR/CHF set to return to above parity gradually – SocGen

Market news

28 December 2023

EUR/CHF set to return to above parity gradually – SocGen

The Swiss Franc has been the best-performing G10 currency year to date. Economists at Société Générale analyze EUR/CHF outlook.

EUR/USD to grind beyond 1.15 next year

As we expect EUR/USD to grind beyond 1.15 next year, EUR/CHF looks set to return above parity.

With Swiss inflation below 2% over the past quarter, the SNB should be much more comfortable with a weaker currency.

Switzerland’s growth outlook was downgraded after the summer, and the CHF has yet to adjust to this change.

See: EUR/CHF seen at 0.94 in 6-12M – Danske Bank

USD/CAD discovers support near 1.3200 as oil price eases further

ECB's Holzmann: Premature to think about rate cuts – Bloomberg

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.