20 Jan 2015
EUR/CHF seen at 1.05 in 12-month – Danske Bank
FXStreet (Edinburgh) - Analysts at Danske Bank revised their forecasts for the cross post-SNB decision.
Key Quotes
“Our largest forecast revision was made for EUR/CHF, which we now see lower in the short run on ECB QE and higher in the medium to long term on the SNB fighting the adverse effects of CHF strength on inflation and growth”.
“Specifically, we target EUR/CHF at 0.99 in1M, 0.97 in 3M, 1.00 in 6M and 1.05 in 12M”.
“We do, however, stress that the cross is likely to be choppy as markets learn about the new SNB regime”.
Key Quotes
“Our largest forecast revision was made for EUR/CHF, which we now see lower in the short run on ECB QE and higher in the medium to long term on the SNB fighting the adverse effects of CHF strength on inflation and growth”.
“Specifically, we target EUR/CHF at 0.99 in1M, 0.97 in 3M, 1.00 in 6M and 1.05 in 12M”.
“We do, however, stress that the cross is likely to be choppy as markets learn about the new SNB regime”.