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The CHF is currently the worst performing G10 currency in the year to date. Jane Foley, Senior FX Strategist at Rabobank, expects the EUR/CHF pair to test the 1.0915 in the coming weeks.

See: EUR/CHF to hover around the 1.09 mark by mid-year – CIBC

Key quotes

“The combination of data disappointments and the push back of various central banks against the reflation trade suggests ample scope for EUR/CHF to move back to the 1.0915 support level in the weeks ahead.” 

“We see risk that EUR/CHF could struggle to move convincingly above 1.10 until the latter half of this year.” 

 

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