Commerzbank on the Swiss National Bank and Swiss franc, looking for the currency to fall in the months ahead as the Bank cuts:
- SNB have clearly expressed that the strength of the Swissy is not welcome
- Swiss National Bank is “therefore likely to counter this with further interest-rate cuts in the coming months”
- SNB could cut rates twice more this year
- CHF falls should be limited, Commerzbank argue, as global demand for safety is unlikely to disappear
Commerzbank forecasts EUR/CHF to 0.98 by December.
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Earlier:
EUR/CHF update:
