Swiss Franc Weakens Against Euro on Softer Rate Outlook – ING
The Swiss Franc has weakened against the Euro, with EUR/CHF drifting back to 0.92, as Swiss rates lag behind global movements and markets price in three ECB rate hikes over the next 10-12 months, according to ING's Chris Turner.
EURCHF
ING analyst Chris Turner notes that EUR/CHF has drifted back to the 0.92 level as the Swiss Franc struggles against the Euro.
The move comes as Swiss interest rates continue to lag behind global rate movements, while markets are pricing in three European Central Bank (ECB) rate hikes over the next 10-12 months.
This divergence in rate expectations is weighing on the Franc, making it less attractive compared to the Euro.
Source: FXStreet Forex News