📝 Expect EUR/CHF to Attempt Parity In The Coming Days: Deutsche Bank

Recommend long CHF vs EUR, USD, and GDP, expect EUR/CHF to attempt to reach our parity target in the coming days. With the SNB clearly committing to defending its long-standing inflation credibility, we reiterate our view of the Swiss franc being the best hedge against global stagflation. Effectively, the SNB has put an official cap on EURCHF. This cap remains unquantified for now but in our view should be assumed to be around 1.05. We're very bullish on Swiss franc as the SNB has given a clear signal that it desires a stronger currency. - Deutsche Bank