EUR/CHF: Direction of travel may be 0.9500 or even last September’s low near 0.9415 – ING
The softer Euro has seen EUR/CHF dip to 0.9550. Economists at ING analyze the pair’s outlook.
The SNB does seem to like complete control over the EUR/CHF pair
Swiss National Bank (SNB) sight deposit data released on Monday suggested the SNB was still selling FX reserves last week to get the trade-weighted Swiss Franc stronger to fight inflation.
The SNB does seem to like complete control over this currency pair and while the direction of travel may be 0.9500 or even last September’s low near 0.9415, expect the moves to be very gradual.