According to Analysts at Danske Bank, the Swiss Franc is expected to depreciate towards the 1.22 area vs. the shared currency in a 12-month horizon. Key Quotes “The SNB kept its dovish tone at the June meeting and maintained that the franc is ‘highly valued’ and kept the option of FX intervention open”. “While the SNB has clearly been challenged (again) by the ECB’s hesitant stance, the SNB should also have cemented its eagerness to see CHF weaker before making a shift on policy”. “With EUR strength set to return eventually, this makes us comfortable about maintaining a case for CHF depreciation in 6-12M but continued trade tensions is a downside EUR/CHF risk. We still look for 1.16 in 1M, 1.16 in 3M, 1.19 in 6M and 1.22 in 12M”. 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 USD/CAD climbs to fresh monthly tops, nearing mid-1.3200s FX Street 5 years According to Analysts at Danske Bank, the Swiss Franc is expected to depreciate towards the 1.22 area vs. the shared currency in a 12-month horizon. Key Quotes "The SNB kept its dovish tone at the June meeting and maintained that the franc is 'highly valued' and kept the option of FX intervention open". "While the SNB has clearly been challenged (again) by the ECB's hesitant stance, the SNB should also have cemented its eagerness to see CHF weaker before making a shift on policy". "With EUR strength set to return eventually, this makes us comfortable about maintaining a case for… 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.
