EUR/CHF could gain upside traction – TDS

Strategists at TD Securities believe there is further weakness on the cards for the Swiss Franc.

Key Quotes

“EURCHF continues to grind higher as the SNB remains uncompromisingly dovish. Domestic inflation has picked up in recent months but remains weak overall. This will keep policy defensive for the foreseeable future”.

“Alongside this, the CHF has been relatively immune to the uptick in global risk aversion in recent weeks. This may continue as long as European markets remain fairly well insulated from risk factors emerging on the other side of the Atlantic”.