The CHF now looks toppish – SocGen
Since the start of the year when EUR/CHF peaked just above parity, the Franc has been on a bullish trend. Economists at Société Générale analyze CHF outlook.
The 0.97 region should now be a bottom
The 0.97 region should now be a bottom, and we expect very slow EUR/CHF gains.
In a context where the market digested the banking sector stress and inflation is expected to return below 2% this year, the CHF now looks toppish.
See: It is too early for higher EUR/CHF rates – Commerzbank