Credit Suisse economists expect the EUR / CHF to move higher towards 1.1050.
Key statements:
“We would expect refugee-seeking flows to Switzerland to decline and even reverse in light of the current risk-positive environment.”
“The SNB will remain very moderate and is ready to intervene if necessary.”
“A setback in the COVID-19 crisis and an environment of risk aversion would be detrimental to this view. From this perspective, Italian politics are worth looking at. “
“We see that EUR / CHF can move towards 1.1050 and we would consider ourselves wrong below 1.0700.”
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