Currency strategists at UBS AG claim that although the fundamentals point at the potential decline of the single currency versus Swiss franc, the market players won’t want to have short positions by the Swiss National Bank (SNB) meeting that will take place on Thursday.

The specialists note that Switzerland’s economy is showing very encouraging results, the SNB could tighten its monetary policy. Never the less, headline and core CPI is near zero, so the rate hike currently seems very unlikely.



Chart. H4 EUR/CHF

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