EUR/CHF drops to three-month lows amid recession fears

Swiss franc among top performers on Thursday. Eurozone and US data add to concerns about the growth outlook. EUR/CHF approaches parity again, bearish pressure intact while under 1.0150. After moving sidesways for four days, EUR/CHF broke to the downside falling to as low as 1.0067, the lowest level since early March. The cross remains under … Read more

One-month forecast lowered to 1.02 following SNB’s surprise hike – Rabobank

The Swiss National Bank (SNB) surprised the market with an unexpected 50 basis points (bps) rate hike. Subsequently, economists at Rabobank have lowered their one-month forecast for EUR/CHF to 1.02 from 1.03. SNB would likely desire to move away from negative rates completely “The news of a 50 bps move came as a big surprise … Read more