Note

USD/CHF TO EXTEND ITS RACE HIGHER OVER THE NEAR TERM – HSBC

hagijeee
· Views 17



Economists at HSBC analyze the Swiss Franc (CHF) outlook.

EUR/CHF is likely to track sideways

The CHF’s bad performance is in part due to its safe-haven status, as global equity markets gain. The Swiss Franc has also been hit by the Swiss National Bank’s (SNB) shift in tone around the currency, with FX strength no longer a policy tool or aspiration it seems.

We continue to look for a higher USD/CHF over the near term, while the EUR/CHF pair is likely to track sideways.

 


Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.

Content related