Bank of America (BAC.US) has revised its forecasts for the Swiss franc, now predicting a faster pace of depreciation against major currencies due to weaker-than-expected inflation data for January and the increased likelihood of an earlier interest rate cut by the Swiss National Bank.
- The revised forecast anticipates the EUR/CHF pair reaching parity faster, now expected in the second quarter of 2025, instead of the fourth quarter. Additionally, the Bank expects the USD/CHF exchange rate to reach 0.85 by the second quarter.
- It is important to emphasize that Bank of America's position in this post is solely for presentation/information purposes and should not be viewed as recommendations or target prices.
إبدأ بالإستثمار اليوم أو تدرّب على حساب تجريبي
إنشاء حساب حساب تجريبي تحميل تطبيق الجوال تحميل تطبيق الجوالThe money market is currently pricing in nearly a 95% probability that the SNB will decide on its first rate cut during the Bank's June decision. Source: Bloomberg Financial LP
It's worth noting that for a month, the crosses with the Swiss franc have already shown signs of a clear depreciation of the CHF. Source: xStation.
