As reported by Market Leader (US)
Forex news, EURCHF. Despite the low points of EURCHF currency pair, Barclays analysts suppose that the pair will return to growing.
In their opinion, representatives of Swiss National Bank are unlikely to have been pleased by inflation data, and the perspectives of economic development do not seem optimistic, especially taking into consideration debt problems of eurozone. All this provokes investors’ interest to Swiss franc. The necessity of additional stimulation is rising in current economic conditions; therefore, Barclays is expecting EURCHF currency pair to rise to the maximal point of 1.25.
At the same time BBVA analysts expect EURCHF currency pair to seriously check point 1.2. This will become the reason for currency interventions from Swiss National Bank. Read more...