Market Analytics

Deutsche Bank: SNB may intervene any day

Friday, January 27, 2012 - 12:30

Analysts at Deutsche Bank claim that in the near term the Swiss National Bank may start aggressive sell-off of Swiss franc versus the single currency trying to protect the floor for EUR/CHF.

The specialists warn that the SNB’s intervention may occur any day. In their view, if Swiss monetary authorities act aggressively, investors will seek to sell franc in anticipation of central bank intervention.

The pair EUR/CHF is trading within a very narrow range just below 1.2100 down from December maximums in the 1.2445 zone.

Chart. Daily EUR/CHF

 

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