The strong performance of the Swiss Franco and the soft inflation have raised the expectations of action of the SNB, while the recent strength of the euro is now under scrutiny amid winds against economics and speculations about future ECB cuts, says Rabobank FX analyst Jane Foley.
EUR/USD BACK AFTER THE APRIL RALLY
“The CHF, as a safe refuge, is the G10 currency of best performance since the discourse on tariff 0.9% year -on -year of the previous month. Risks. “
“There is a very high possibility that the SNB cuts the rates again at its June 19 policy meeting. The rates implicit in the market point to a reduction of 40 basic points on a 3 months from zero.
“Having reached a peak close to 1,1573 in EUR/USD on April 21, the EUR/USD has been testing the water below the level of 1.13 in recent sessions. The softer tone of the EUR/USD last week reflected optimism with respect to US trade agreements, although this now shows signs of fading. In addition, since the risks of growth have been accentuated by the risks of growth. Commercial friction and, to some extent, for the fortress of the EUR, the market continues to wait for more ECB rates cuts starting with another movement in June.
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.
