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EUR/CHF: Moderate upside potential – Commerzbank

The economists of Commerzbank They predict that the pair EUR/CHF post modest profits next year.

Chances of the Franc strengthening again in 2025

We see a moderate depreciation of the Franc against the Euro next year.

The Euro should benefit from the fact that market expectations for interest rate cuts in the Eurozone are likely to prove premature. At the same time, inflation in Switzerland is likely to remain at low levels next year, so the SNB should allow the Franc to depreciate to some extent.

By 2025, however, we see room for a stronger franc again. This is because inflation is likely to remain low in Switzerland, while in the Eurozone it should be above the ECB’s target.

Source: Fx Street

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