CHF: Going low in 2018 – ING

According to analysts at ING, the Swiss franc is going to go low in 2018 and suggest that is  definitely the Swiss National Bank's desire - with the central bank probably welcoming the latest breakout higher in EUR/CHF above 1.17.

Key Quotes

“Given our positive EUR story as well next year, we expect EUR/CHF to head back to 1.25 - albeit acknowledging that this isn't as big a move as the headlines suggest given that it would take the real CHF trade-weighted index back towards levels that existed prior to the start of the Eurozone crisis in 2009/10.”