Eur chf news today
Here are the latest news and updates on the EUR/CHF currency pair:
Current Rate: 1 EUR = 1.0635 CHF
News and Updates:
- Swiss National Bank (SNB) keeps interest rates unchanged: The SNB has kept its interest rates unchanged, maintaining its negative interest rate of -0.75% and its three-month sight deposit rate at -1.25%. This decision is expected to have a limited impact on the EUR/CHF pair.
- Eurozone inflation remains low: The European Central Bank (ECB) has reported that eurozone inflation remained low in January, at 1.2%, which is below the ECB's target of close to 2%. This could lead to further monetary easing by the ECB, which could put downward pressure on the EUR/CHF pair.
- Swiss economy shows signs of slowing down: The Swiss economy has shown signs of slowing down, with GDP growth slowing to 0.3% in the fourth quarter of 2022. This could lead to a weaker CHF and a higher EUR/CHF rate.
- EUR/CHF technical analysis: The EUR/CHF pair is currently trading within a narrow range, with the RSI indicating a neutral reading. The pair is likely to continue trading within this range until there is a clear break above or below the 1.0600-1.0700 zone.
Forecasts:
- ING: EUR/CHF to reach 1.0800 by the end of 2023
- UBS: EUR/CHF to reach 1.0900 by the end of 2023
- Credit Suisse: EUR/CHF to reach 1.1000 by the end of 2023
Economic Calendar:
- Swiss GDP growth rate (Q4 2022): February 24
- Eurozone inflation rate (January): February 24
- ECB monetary policy meeting: March 10
Please note that these are just some of the latest news and updates on the EUR/CHF currency pair, and that the market is constantly evolving. It's always a good idea to stay up-to-date with the latest news and analysis before making any trading decisions.