EUR/CHF sideways consolidation above flat trading

Huitong Network2month27Daily News - Monday(2month27day)At the end of the Asian session, the euro against the Swiss franc consolidated horizontally above the flat level, with a slight decline at the beginning of the session and then a volatile rise. Trading is now in the1.0648frontline.

according toFX678Observation, Nomura Securities(Nomura)The view is that the market has been continuously paying attention to the Swiss franc recently, as the euro continues to decline against the Swiss franc. The specific viewpoints are as follows.

Nomura: Euro/Swiss franc falling endlessly, Swiss central bank expected to intervene again

The bank pointed out that the Swiss central bank is expected to be active in the foreign exchange market as the pressure to depreciate the euro against the Swiss franc intensifies ahead of major political risk events in the eurozone.

Huitong Network pointed out that Europe will usher in an election year this year, with several major countries facing elections. The Netherlands and France will hold elections respectively3month5On a monthly basis, Germany will decide on the next Prime Minister candidate after the summer.

The Swiss central bank is expected to further accumulateforeign exchangeThe diversification of foreign exchange reserves may attract market interest.

The bank's analysis shows that, from a historical perspective, after a month of foreign exchange intervention by the Swiss Central Bank, the Japanese yen and US dollar tend to perform better than the market, while the Norwegian krone and New Zealand dollar tend to perform worse than the market.
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