According to analysts at Wells Fargo, point out the Swiss National Bank’s dovish tone has not been followed through with interest rate action. They see the EUR/CHF rising modestly over the medium-term. Key Quotes: “Despite the improving economy and the outlook for steady interest rate policy, we see limited prospects for Swiss franc strength and indeed expect moderate franc weakness versus the euro over time. The threat of foreign exchange intervention from the central bank persists, even though it has been somewhat less active in FX markets in recent weeks.” “We still see the global economy on an overall recovering path despite some recent hints of activity softness as well as recent financial market strains. As long as the overall global economic recovery remains intact, a lessening in safe haven support could weigh on the Swiss franc.” “We forecast the franc to weaken versus the euro over the medium-term, and see a reasonably steady Swiss franc versus the U.S. dollar.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD Price Analysis: AUD still looks vulnerable to downside moves FX Street 2 years According to analysts at Wells Fargo, point out the Swiss National Bank’s dovish tone has not been followed through with interest rate action. They see the EUR/CHF rising modestly over the medium-term. Key Quotes: “Despite the improving economy and the outlook for steady interest rate policy, we see limited prospects for Swiss franc strength and indeed expect moderate franc weakness versus the euro over time. The threat of foreign exchange intervention from the central bank persists, even though it has been somewhat less active in FX markets in recent weeks.” “We still see the global economy on an overall recovering… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
