EUR/CHF is moving higher. Economists at ING analyze the pair’s outlook.
ECB might be pushing back against easing expectations
While the ECB might be pushing back against easing expectations, the SNB is pushing in favour of those easing expectations given the Swiss Franc is too strong.
We think the EUR/CHF pair can trade back up to the 0.9600 area over the next three months as ECB easing expectations are further reined in.