Jane Foley, Senior Currency Strategist at Rabobank, expects EUR / CHF to advance towards 1.11 by the end of this year. However, he warns that the pair is likely to fall to the 1.10 level this quarter.
Key statements:
“The sensitivity of the CHF to safe haven flows means that it is likely that continue to lead overall market sentiment“.
“We see potential for the EUR / CHF to approach 1.11 by the end of the year. However, after the strong bullish movement at the beginning of the year, we see room for falls below 1.10 in the current quarter. “
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