Note

SNB PREVIEW: A RATE CUT WOULD FURTHER UNDERMINE THE OUTLOOK FOR THE CHF – RABOBANK

guntur360
· Views 15


Last year, the Swiss Franc (CHF) was the best performing G10 currency. Its fortunes have turned this year. Economists at Rabobank analyze CHF outlook ahead of the SNB meeting on Thursday.

SNB would welcome a softer CHF

A rate cut this week would further undermine the outlook for the CHF, particularly given the ‘higher for longer theme’ associated with the Fed.

In view of the decades of disinflationary/deflationary pressures suffered by Switzerland and an overvalued exchange rate, we expect that the SNB would welcome a softer CHF.

 


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