The Swiss National Bank’s third interest rate cut did not push USD/CHF out of its month-long range between 0.84 and 0.8550, DBS’ FX analyst Philip Wee notes.
SNB does not want EUR/CHF to find new lows
“SNB lowered the policy rate by 25 bps to 1.00% and kept the door open for more easing in the coming quarters on its new forecast for inflation to decelerate to 0.6% in 2025 from 1.2% in 2024.”
“In June, SNB projected a modest slowdown in inflation to 1.1% from 1.3% based on its assumption of a stable 1.25% policy rate over the forecast horizon.”
“SNB signalled its readiness to intervene in currency markets, reinforcing its concerns about the CHF’s strength as a source of significant disinflation and pressure for Swiss industries amid weak demand from Europe. SNB likely does not want EUR/CHF to post a new year’s low below 0.93.”
Penafian: Pandangan yang dinyatakan adalah semata-mata dari pengarang dan tidak mewakili kedudukan rasmi Followme. Followme tidak bertanggungjawab ke atas ketepatan, kesempurnaan, atau kebolehpercayaan maklumat yang diberikan dan tidak bertanggungjawab untuk sebarang tindakan yang diambil berdasarkan kandungan, melainkan dinyatakan secara bertulis secara jelas.
Suka artikel ini? Tunjukkan penghargaan anda dengan menghantar tip kepada pengarang.
Balas 0
terhangat
Tiada ulasan lagi.Jadilah yang pertama berkongsi pandangan anda.
Tiada ulasan lagi. Jadilah yang pertama berkongsi pandangan anda.