EUR/USD not ready for primetime, EUR/CHF has likely bottomed – TDS EURUSD EURCHF ECB EURGBP Banks
reinforced its message that net bond purchases are set to end in Q3, and the first rate hike will take place some time after that. Despite the ECB's foot dragging today, economists at TD Securities like EUR/CHF upside in the months ahead while EURUSD is set to maintain the 1.08-1.12 range, which should hold through early Q2.“The ECB left its messaging virtually unchanged from March, committing to end the APP sometime in Q3 and hike rates ‘some time after’.
“We see a lot of upside in EUR/CHF and EUR/GBP, though the latter might require a bit more time . As the ECB container ship turns, EURCHF upside looks quite attractive, especially as CHF is the most expensive currency on our dashboard.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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