EUR/CHF: SNB To Continue Preventing Considerable Downside – Credit Agricole

The CHF has been an out-performer as of late mainly on the back of falling risk appetite.

In that regard, Credit Agricole CIB Research notes this looks in in line with its risk index analysis which is showing investors’ appetite for risk assets has fallen to multi-week lows.

"While risk sentiment should stay the main driver of the CHF, we expect the SNB to continue preventing crosses such as EUR/CHF from facing more considerable downside risks," CACIB argues.

CACIB remains of the view that EUR/CHF will end the month around 1.0700.

EUR/CHF is trading circa as of writing.

Source: Credit Agricole CIB ResearchOriginal Article