EUR/CHF can move towards 0.9500/9520 this week – ING
Source Fxstreet
EUR/CHF seems to be recovering, ING's FX analyst Chris Turner notes.
Upside risks to EUR/CHF may be growing
"Again the Ukraine story may be playing a role given that EUR/CHF was trading above 1.05 before Russia invaded Ukraine. A softer Swiss inflation print today and the prospect of even lower inflation next quarter (the Swiss National Bank forecasts the YoY rate dropping to 0.2%) warns that upside risks to EUR/CHF may be growing."
"We could see 0.9500/9520 this week as investors reprice for some positive Ukraine news out of this weekend's Munich security conference."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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The EUR/USD pair trades in positive territory around 1.1755 during the early European trading hours on Friday.
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