© Alvin Tan
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We would expect the Euro to be stocky in particularly, and to slowly, but gradually go higher in the third quarter of this year. Thus, taking this into account, we forecast the EUR/CHF being at 1.03 levels in the Q3 of 2015.
What will be the main drivers for the CHF during the third quarter of this year?
We think the main driver will be the G-10, which will affect the behavior of the Swiss Franc. We also believe in the third quarter it will be all about the stronger US Dollar. I would accept the USD/CHF for example to move higher over the Q3 to a bigger extent than the EUR/CHF.
What are your forecasts for USD/CHF in Q3 of 2015?
We think the pair will move marginally higher over the Q3 going to 0.96 cents for example. However, the move will be a very gradual one, we do not expect a very prop move in Swiss Franc generally. Especially given the fact of a crisis, and also, we expect to be ongoing on the referendum. We just do not see a big move in the Swiss Franc particularly.