USD/CHF to attain 0.95 on a three-month stare – Rabobank
The FOMC will protect the ‘better for longer’ outlook for passion charge policy. Thus, economists at Rabobank inquire of the US Greenback to streghthen, driving EUR/USD and USD/CHF to 1.05 and 1.05 on a three-month stare, respectively.
USD will dwell underpinned this year
“Earlier this week, the hawkish tone of Chair Powell’s testimony ended in an produce bigger in market expectations that the Fed would possibly well hike passion rates by 50 bps at its March policy meeting. His tone modified into pared reduction a contact on the 2nd leg of his hearing the next day when he indicated that the discussion about the dimensions of the transfer modified into tranquil in play.”
“For need, we protect the stare that policymakers will seemingly be forced into preserving rates better for longer to push inflation reduction to the two% diploma.”
“We protect our expectation that the USD will dwell underpinned this year. We glance threat of dips to EUR/USD 1.05 on a three-month stare and forecast USD/CHF at 0.95 in three months.”
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