HSBC expects EUR/CHF to rise to 0.95 (end 2025 view!)

HSBC analysts on the Swiss franc, forecasting a rise for EUR/.CHF to 0.95 by end-2025:

• Swissy’s recent price action shows a disconnect with interest-rate differentials
• HSBC don’t expect this to persist
• Increased political and geopolitical tensions have been a more dominant driver for the franc – it strengthens as a safe-haven
• “Our conviction is that the SNB’s policy direction will eventually hold greater sway on the currency than risk sentiment.”

This article was written by Eamonn Sheridan at www.forexlive.com.