Chf eur rate forecast

The Euro extended gains against the Swiss Franc exchange rate after the FOMC interest rate decision as the commentary from the central bank drove the common currency higher across the board.

However, the Euro's bullish run could be brought to an end in the near future if the European Central Bank ECB makes moves to expand quantitative easing. The Swiss State Secretariat for Economic Affairs SECO has issued a very pessimistic forecast for the Franc in the remainder of this year and the next.

In addition to these despairing predictions, Switzerland also received the news today that the interest rate and its upper and lower targets were at their same negative figures.

Eurozone Construction Output Bolsters Euro EUR Exchange Rate Trading Today The Euro has won out against the Franc thanks to the Eurozone monthly and yearly Construction Output results for July both printing in the positive, along with a somewhat optimist economic bulletin being published by the European Central Bank ECB today. There are no further Eurozone or Swiss economic releases of note this week, therefore next week holds more relevant releases.

As well as producing in-depth analysis of the latest currency trends for ERUK, Colin heads up the Business The advice provided on this website is general advice only and does not constitute as a financial recommendation.

All data shown, such as exchange rates are indicative of interbank rate and should only be used as an indication of market movement. Exchange Rates UK cannot guarantee the accuracy of the rates being displayed.

EUR/CHF towards Parity say Deutsche but Near-Term Gains Forecast

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Euro Swiss Franc (EUR CHF) Analysis - umypecodayok.web.fc2.com

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