The EUR/CHF currency pair is expected to depreciate by the end of the fourth quarter of 2017, following likelihood of uncertain political developments in the eurozone. An anticipated risk aversion will likely pressurize the EUR in the medium term. The Swiss franc will be guided overall by the path of risk aversion, depreciating against a strengthening greenback.
We foresee that EUR/CHF will touch 1.04 by the end of December 2017; USD/CHF, though, would broadly tend to rise with the USD's ascent. The CHF will remain fundamentally overvalued, tracking the overall path of the Swiss National Bank (SNB).
The likelihood of some destabilizing European political developments during 2017 are likely to see phases of risk aversion that put downward pressure on EUR/CHF. Further, the SNB will manage to contain the currency without cutting interest rates.
Meanwhile, the EUR/CHF traded at 1.07, up 0.14 percent, while at 9:00GMT, the FxWirePro's Hourly Swiss Franc Strength Index remained slightly bearish at -83.86 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex


AI is supercharging money scams – here’s what you can do to protect yourself
Gold Surges Past $4400 on Crude Oil Rally; Bullish Trend Dominates
Physicists zoom into the birth of cosmic rainstorms with new CERN study
Who should own the knowledge that underpins AI technology?
1 in 3 uni students experience serious financial hardship. Could concession cards for all help?
JPMorgan Sees ECB Raising Rates to 2.75% in December
Europe can’t achieve space sovereignty alone. Here’s why
China’s robots can run faster than Usain Bolt – now they are being prepared for war 



