EUR/CHF: Scope for further dips to the 0.9300 area on a 1-to-3-month view – Rabobank

Source Fxstreet
Feb 7, 2024 10:51

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.
placeholder
NZD/USD Price Analysis: Bullish sentiment maintains despite softening momentumOn Wednesday's session, the NZD/USD showed diminishing buying traction and fell just below 0.6100.
Source  Fxstreet
On Wednesday's session, the NZD/USD showed diminishing buying traction and fell just below 0.6100.
placeholder
EUR/GBP retreats as chances of BoE's June cut plunge after UK's CPIThe EUR/GBP traded lower falling to 0.8505 on Wednesday after the Pound garnered strength following the Office for National Statistics (ONS) releasing inflation data higher than the market's expectations.
Source  Fxstreet
The EUR/GBP traded lower falling to 0.8505 on Wednesday after the Pound garnered strength following the Office for National Statistics (ONS) releasing inflation data higher than the market's expectations.
placeholder
NZD/USD rises toward 0.6150 after the RBNZ decides to keep OCR unchangedThe NZD/USD pair rebounded after two days of losses, trading around 0.6140 during Asian hours on Wednesday following the Reserve Bank of New Zealand's (RBNZ) interest rate decision.
Source  Fxstreet
The NZD/USD pair rebounded after two days of losses, trading around 0.6140 during Asian hours on Wednesday following the Reserve Bank of New Zealand's (RBNZ) interest rate decision.
goTop
quote