- Analytics
- News and Tools
- Market News
- EUR/CHF: Unlikely to benefit from growing optimism in Europe – MUFG
EUR/CHF: Unlikely to benefit from growing optimism in Europe – MUFG
The Swiss Franc remained in a relatively tight range in February after initially strengthening from above parity versus the Euro. Economists at MUFG Bank expect the pair to trade slightly above 1.00 over the coming months.
Renewed CHF strength vs. EUR seems the greater risks over the short-term
“Renewed CHF strength versus EUR seems the greater risks over the short-term, especially if EUR/USD continues to drift back toward parity.”
“The SNB is using FX to help fight inflation and has been selling foreign currency bought previously when fighting deflation risks. This is likely to continue and hence Eurozone growth improvement after a weak H1, and improved broader risk sentiment as inflation declines will only have a limited impact on weakening CHF.”
“EUR/CHF – Q1 2023 1.0000 Q2 2023 1.0100 Q3 2023 1.0200 Q4 2023 1.0100.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
