USD/CHF to hit 0.96 by year-end and 0.92 by June-2023 – UBS


USD/CHF has hit the 0.99 level. Nonetheless, economists at UBS expect the pair to ease back lower towards 0.96 by the end of the year.

Swiss National Bank to remain on a tightening path 

“While Swiss inflation moderated both on a YoY and MoM basis in September, we believe the SNB remains on a tightening path and wants a stronger CHF to continue to fight inflation.” 

“Any rally toward USD/CHF 0.99 or higher is a good opportunity to sell the greenback in favor of the franc, in our view, forecasting the pair to hit 0.96 by year-end and 0.92 by June next year.”

Articles You May Like

Taking down crypto influencers is one step that would help to heal the market
Yen Soars With Falling Yields, Sterling Resilient
Dollar Down as Substantial Majority of Fed Members Judged Slowing Hike Soon Appropriate
Gold rate today: Yellow metal ticks higher; silver regains Rs 61,000 mark
NZD Rises after RBNZ Jumbo Rate Hike, Pressure Back on Dollar