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
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