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EUR/CHF to trend higher towards 1.20 over the coming year - Nomura

Nomura’s FX Strategists offer their thoughts on the EUR/CHF price-outlook over the coming year.

Key Quotes:

"Our ETF trackers suggest fewer euro area equities have been purchased since July. The North Korea risk premium in G10 FX could have been a contributing factor. But with the global growth backdrop and positive inflation surprises in the pipeline, we continue to expect EUR/CHF to perform and see an increasing likelihood of 1.20 over the next year.”

"We expect the equity outflows to continue to dominate the price action and expect EUR/CHF to continue its trend higher towards 1.20 over the coming year."

USD/JPY well bid near mid-112.00s, inching back closer to 2-month tops

The USD/JPY pair was seen building on to overnight strong gains and has now moved within striking distance of over two-month tops, touched last Thursd
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France Consumer Confidence came in at 101, below expectations (103) in September

France Consumer Confidence came in at 101, below expectations (103) in September
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