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Relative monetary policy will likely drive FX markets in the coming week with big central bank decisions looming, economists at Danske Bank say.
CHF is poised to drop if the SNB cuts rates
We do not anticipate the Bank of Japan (BoJ) to raise rates, though it remains a closely contested decision. Should our prediction be inaccurate, the Japanese Yen (JPY) would likely appreciate.
As for Thursday, we believe the Swiss Franc (CHF) is positioned for a decline if our forecast of a rate cut by the Swiss National Bank (SNB) proves correct.
In terms of the US Dollar (USD), market attention will be focused on whether the Federal Reserve aligns with the recent upward trend in US interest rates.
