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EUR/CHF set to return to above parity gradually – SocGen

The Swiss Franc has been the best-performing G10 currency year to date. Economists at Société Générale analyze EUR/CHF outlook.

EUR/USD to grind beyond 1.15 next year

As we expect EUR/USD to grind beyond 1.15 next year, EUR/CHF looks set to return above parity.

With Swiss inflation below 2% over the past quarter, the SNB should be much more comfortable with a weaker currency.

Switzerland’s growth outlook was downgraded after the summer, and the CHF has yet to adjust to this change.

See: EUR/CHF seen at 0.94 in 6-12M – Danske Bank

ECB's Holzmann: Premature to think about rate cuts – Bloomberg

"Monetary policy normalization is already showing its impact on slowing inflation, but it would still be premature to think about rate cuts," European Central Bank Governing Council member Robert Holzmann said on Thursday, as reported by Bloomberg News.
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USD/CAD discovers support near 1.3200 as oil price eases further

The USD/CAD pair finds cushion near the round-level support of 1.3200 in the European session.
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