EUR/CHF FALLS BELOW 0.93 AMID MARKET TURMOIL
EUR/CHF FALLS BELOW 0.93 AMID MARKET TURMOIL
The EUR/CHF currency pair has declined to levels below 0.93, reflecting ongoing market volatility.
ING's analyst, Chris Turner, notes that the SNB has previously maintained a policy rate above 0.50%, but there's a possibility of revisiting negative rates if economic conditions necessitate.
ING anticipates that EUR/CHF will trend towards 0.92, influenced by the ECB's anticipated rate cuts and potential SNB policy adjustments.
Concurrently, the Norwegian krone has experienced a notable rally, with Chris Turner highlighting its strength amid current market conditions.
The fluctuations in EUR/CHF and the appreciation of the Norwegian krone are indicative of broader market turbulence, prompting investors to reassess currency positions.
