EUR/CHF: SNB To Cap Further Upside: Where To Target ? – Credit Agricole

Credit Agricole CIB Research expects the SNB to reaffirm at its meeting this week that a policy mix consisting of negative rates and FX intervention will remain in place.

From that angle, CACIB believes that the central bank will continue to do its utmost in order to keep currency upside capped from current levels.

CACIB continue to target EUR/CHF at 1.07 by the end of this month and 1.10 by the end of the year.

EUR/CHF is trading circa 1.0712 as of writing.

Source: Credit Agricole CIB ResearchOriginal Article