EURCHF: Driven by the European politics - ING
Analysts at ING suggest that the Eurozone politics stands to put a lid on EUR/CHF over coming months.
“We're less concerned by the Catalan story, but see the scope for Italian opinion polls ahead of likely March elections to occasional heighten Eurozone risk.”
“The domestic calendar is light, with only producer and import price data due this week (Tue). SNB official Maechler also speaks (Thu); in our view, the Swiss central bank lines up with others (Riksbank and BoJ) awaiting tighter monetary policies overseas to generate weakness in local currencies.”