• EUR/CHF set to correct back up to the 0.9500/0.9600 area – ING

Noticias del mercado

17 enero 2024

EUR/CHF set to correct back up to the 0.9500/0.9600 area – ING

EUR/CHF clawed back losses last week. Economists at ING analyze the pair’s outlook. 

Looking for the correction higher

EUR/CHF looks too low to us. It looks to have traded down to these 0.9200/0.9300 levels on the back of the excessive pricing of the ECB easing cycle. Our team looks for a mere 75 bps compared to current pricing of 150 bps. If we are right – and given that rate differentials have been a bigger driver over recent months – we see EUR/CHF correcting back up to the 0.9500/0.9600 area.

We now expect the SNB to be FX buyers.

Geopolitics is a bearish risk, but macro favours a higher EUR/CHF.

 

Enfoque del mercado
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
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: