Riksbank retained hanging rates, the Swiss National Bank notes 25 bits per hour, and Francesco Pissol’s notes from J.
EUR/CHF to return to 0.950 in the second quarter
“Previously, the markets had already expected that the rates had reached the bottom, and Krona was not only marginal.
“In Switzerland, another SNB discount reached 0.25 %. The accompanying statement left all options open, but the economist notes how, for the first time in a long time, SNB did not have to review inflation expectations.
“As we expected, the Swiss franc decreased in this announcement, but it seems that EUR/ChF does not seem to be a lot of bullish steam. Any other marches should lack above 0.970 and still bias for the second quarter dates back to 0.950.”
