Summary
- EUR/CHF is down 5% from year-highs and nearing 0.95. In this piece we consider the drivers and why a correction is likely.
- The ECB and SNB have proven irrelevant for EUR/CHF with nominal and real front-end rate spreads out of sync with the currency.
Summary
- EUR/CHF is down 5% from year-highs and nearing 0.95. In this piece we consider the drivers and why a correction is likely.
- The ECB and SNB have proven irrelevant for EUR/CHF with nominal and real front-end rate spreads out of sync with the currency.
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