will only hike 25 bps at the upcoming meeting. They expect EUR/CHF to trade in a 0.9700-1.000 range. “Considering the recent turmoil in financial markets, the 25 bps SNB rate hike scenario seems the most likely. Given that the market also expects at least another 25 bps rate hike for the June meeting, it is difficult to construe an overly hawkish outcome that could strengthen the Franc significantly. We think EUR/CHF won't fall much in this scenario, and we can see the pair trading in a 0.
“In the no-hike scenario, we expect the franc to weaken and EUR/CHF to move back above parity, towards 1.0100.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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