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SNB will remain comfortable with EUR/CHF remaining around parity - CIBC

CIBC Research discusses CHF outlook and targets EUR/CHF around 0.98 by end of Q2, and around 1.00 by end of Q3."There are some tentative signs of Swiss growth and employment prospects moderating. However, as the unemployment rate remains at a 20-year low of 1.9% this underlines scope for additional tightening," CIBC notes. "We would expect that the SNB will remain comfortable with EUR/CHF remaining around the parity threshold. However, as we expect another 50bps of SNB tightening ahead we wou... Read More

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Posted: Apr 17 2023, 02:34

Author Name: forexlive

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