SNB would refrain from easing further next week – TDS

FXStreet (Edinburgh) - In the opinion of Jacqui Douglas, Strategist at TD Securities, the SNB is likely to stay put in next week’s monetary policy meeting.

Key Quotes

“With EURCHF having settled into a 1.05-1.07 range over the last couple of weeks, which is getting a little closer to the 1.10 level that the SNB is reportedly hoping for, speculation of another rate cut has seemed to die down a bit”.

“We would probably need to see EURCHF closer to parity before expecting the SNB to intervene and push rates below the current -0.75% level”.