Forex Flash: USD/CHF to go higher, but EUR/CHF? - UBS

FXstreet.com (Córdoba) - The Swiss franc lost across the board in recent days, says the UBS analyst team, EUR/CHF moved above 1.25, while USDCHF moved above 0.97. "The last time that EURCHF moved to 1.25 was in January, when the EURUSD exchange rate hit 1.37", UBS comments. "This time, the dovishness of the ECB has pushed that rate down to 1.29".

"Still, we cannot exclude an overshooting of the CHF weakness in the short term and see especially USDCHF higher. However, we don't see a change in trend, which could lead to much further CHF weakness against the EUR", they add.