EUR/CHF: Scope for further dips to the 0.9300 area on a 1-to-3-month view – Rabobank
Source Fxstreet
EUR/CUF reached a record low at the end of 2023. Since then, the pair has drifted modestly higher. Economists at Rabobank analyze EUR/CHF outlook.
Swissie can be particularly sensitive to headwinds in the Eurozone
While various geopolitical factors have the potential to spark CHF buying, the Swissie can be particularly sensitive to headwinds in the Eurozone. Economic stagnation, budget constraints and strike action in Germany combined with calls for structural reforms in Europe’s largest economy could limit scope for appreciation in EUR/CHF medium term.
We see scope for further dips to the 0.9300 area on a 1-to-3-month view failing a more dovish stance from the SNB.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
U.S. stocks moved unevenly after the Fed's rate cut, with Dow rising but S&P 500 and Nasdaq slipping.
The US Dollar Index (DXY) has lost its daily gains and is trading around 97.00 during the European hours on Thursday.
The AUD/USD pair claws back some of its early losses and rebounds to near 0.6650 during the European trading session on Thursday.
Sources say China is planning to terminate its antitrust investigation into Google, shifting regulatory focus squarely onto chip giant Nvidia.
Meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are regaining momentum, driven by increased capital inflows in the derivatives markets.
Related Instrument
