Swiss franc to outshine euro and pound?

Swiss franc to outshine euro and pound?

The recent strengthening of the U.S. dollar could present both opportunities and challenges for European currencies.

In a note to clients on Monday, George Saravelos, Deutsche Bank's global head of FX research, expressed a bearish outlook on both the euro and the British pound. However, he was optimistic about the Swiss franc, anticipating the Swiss National Bank’s pace of easing to slow compared to other central banks.

Meanwhile, the USDCHF moved lower earlier today, with the price falling below its 100-hour moving average. Looking ahead, the upcoming U.S. Consumer Price Index (CPI) report could influence the pair.

The headline CPI is projected to rise to 2.8% in December from 2.7% in the previous month, while the core rate is expected to remain steady at 3.3% during the same period.