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Swiss franc likely to gradually depreciate against euro in coming months

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

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Gradual CHF weakening likely

Thursday, October 15, 2015 5:26 AM UTC

EUR/CHF is currently at 1.0901 and USD /CHF is testing the 0.95 level. A gradual CHF weakening can be expected to continue as Switzerland's financial outflows resume.

CHF movement looks conservative and also a conservative forecast for the CHF is maintianed in the near term.

"Financial outflows should weigh on the currency, but further ECB easing risks, continued global economic uncertainties as well as elevated geopolitical risks are likely to keep EUR/CHF depressed", says Nordea Bank.

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Gradual CHF weakening likely

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