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3 Aug 2015
CHF still under pressure – TDS
FXStreet (Edinburgh) - In the opinion of strategists at TD Securities, the Swiss franc could remain under pressure mainly via domestic factors.
Key Quotes
“While the risk of an immediate crisis in the Eurozone has subsided, the economy is showing mounting signs of weakness since the January CHF surge”.
“At the same time, the SNB continues to face a serious domestic deflation problem”.
“This will keep policymakers on guard against further appreciation of the CHF”.
“Robust Balance of payments inflows continue to support the currency, however”.
Key Quotes
“While the risk of an immediate crisis in the Eurozone has subsided, the economy is showing mounting signs of weakness since the January CHF surge”.
“At the same time, the SNB continues to face a serious domestic deflation problem”.
“This will keep policymakers on guard against further appreciation of the CHF”.
“Robust Balance of payments inflows continue to support the currency, however”.