Barclays is waiting for recovery of the euro against the franc

Currency strategists at Barclays note that investor sentiment towards the euro in recent times have changed for the better and believe that sustainable economic recovery will strengthen the market, which is of the opinion that the ECB is close enough to start removing stimulus measures, analysts said.
In the bank believe that correction of forecasts of the European central bank may give investors reason to expect an increase in deposit interest rates next year.
In addition, in the coming months, support for the single European currency can eliminate the risk premium associated with the uncertainty of the elections in France, analysts say.
At Barclays noted that such a prospect gives cause for moderate optimism in EUR/CHF - in the are bank waiting for the pair in the second quarter to come back to 1.09 and will continue to recover moderately (to 1.10 and 1.11 respectively) in the third and fourth quarters.

Deutsche Bank: Short positions in EUR/CHF have become more attractive

The fundamentals remain constructive for the Swiss currency, in addition to these, analysts believe that increased political risks in Europe that are negative for the euro and positive for francs and which maintain the status of the franc as a safe haven currency.
At Deutsche Bank noted that the inflow of foreign capital continues to urge the franc to rise, as 1.06 level seems to have become the new unofficial border of the Swiss National Bank, as bank analysts do not talk about defense of this level at any cost.
At Deutsche Bank advised attempts to growth of EUR/CHF to be used for sales of еuro, expecting to break below 1.06 and the fall of the exchange rate at 1.00. Analysts note that the data show favorable for such a deal positioning of market participants.

Dollar demonstrates rally against the Trump's victory

The dollar held close to the peak of three and a half months against the yen on Friday after rising last night, caused by the growth of the markets bets for the US economy and the rise in interest rates during the presidency of Donald Trump.
By 5.30 GMT the dollar fell slightly to 106.63 yen after rising to 106.950 yen at night - a maximum of 21 July.
The dollar is preparing to finish the week woth 3.3 percent growth against the Japanese yen, although earlier it was believed that the safe yen would gain against dollar in case of Trump's victory on presidential election in the United States.
The dollar on Wednesday briefly fell to around 101 yen after the Republican defeated Democratic candidate Hillary Clinton.
Now, however, the dollar demonstrates rally amid risk aversion and US bonds yields rise due to expectations that the Trump policy will support costs and accelerate inflation.
Trump promised large-scale of tax cuts and developing of infrastructure that can increase the US budget deficit.
Mexican peso stood at the level of 20.55 to the dollar, close to the record low reached on Wednesday.
The euro traded near $1.0906 after losing 1 percent last night and preparing to show a drop by 2.3 percent for the week.
The dollar has not changed to a safe Swiss franc, holding at a level of 0.9860 after falling to near three-month low of 0.9550 on Wednesday.
Sterling held position against the dollar, trading just below the monthly peak of $1.2585, reached on Thursday.

ING: The yen will rise to 95, the euro - to 1.15, and the Canadian dollar could drop to 1.38

A verbal intervention by the Ministry of Finance and the Bank of Japan after the rise of the yen is quite possible, but unilateral intervention beyond the level of 100 seems unlikely, say analysts at ING.
According to them there is a risk of collapse of the USD/JPY to 95 amid growing demand for protective assets, which may cause Japanese authorities to strengthen verbal and actual intervention in the currency market.
ING Analysts' forecasts after winning the US presidential election by Trump suggest growth of EUR/USD to 1.15, but any growth will be limited, taking into account that the re-evaluation of the prospects for an increase in interest rates by the Federal Reserve was partially compensated by a concern for the affairs of European exporters.
We can see a sharp movement on the USD/CAD to 1.38, as the global market will avoid the risk, analysts said. There are concerns about the expectations of easing of the monetary policy by the Bank of Canada, taking into account the current uncertainty in the US. All the factors are negative for the Canadian dollar. On the other hand the bank of Switzerland would remain on the market and will closely monitor francs and will resort to actual intervention, analysts said. USD/CHF will follow the dynamics of EUR/USD, they added.

The euro moved up against the dollar by reducing the fears around Deutsche Bank

Euro compensated the fall against the dollar on Friday, after the European currency slipped to US to a minimum of nine weeks due to reduced fears about the state of the German Deutsche Bank (DE: DBKGn).
In addition, the ensuing peace of investors put pressure on the robust yen and the Swiss franc.
Traded in the US Deutsche Bank shares rose by 12.2 percent to 15.36 GMT, after falling to a record low the day before. The root cause of the bank crisis - a fine by the US Department of Justice, the amount of which may reach $14 billion, which the Bank disputes.
Assumptions about reducing fine supported the euro after the currency fell to $1.1153 in early trading session in the US. By reducing anxiety about the Deutsche Bank the dollar peaked in nine days to reliable franc at 0.9752.