Further attempts to break below 0.94 can not be ruled out – Rabobank

The strength of the CHF makes it the best performing G10 currency in the year to date. Economists at Rabobank analyze Franc’s outlook.

CHF tends to perform well when the Eurozone is under pressure

Over the medium-term, further attempts by EUR/CHF to break below 0.94 can not be ruled out. 

The CHF tends to perform well when the Eurozone is under pressure. In view of the stagnating German economy, the CHF could be attractive as a diversification trade. 

Our central view is that EUR/CHF will stick close to 0.94 on a 1-to-3-month timeframe.