Swiss Franc: Franc supported by hawkish SNB risk – ING
Chris Turner at ING notes EUR/CHF fell after Swiss inflation surprised at 1.5% year-on-year, raising doubts that the Swiss National Bank can avoid tightening through 2027. He recalls the SNB’s 2023 strategy of driving the Swiss Franc stronger via FX sales and expects growing interest in the currency, with downside risks to existing EUR/CHF forecasts over coming months.
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