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
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
