Gradual CHF weakening likely

EUR/CHF is currently at 1.0901 and USD /CHF is testing the 0.95 level. A gradual CHF weakening can be expected to continue as Switzerland's financial outflows resume. 

CHF movement looks conservative and also a conservative forecast for the CHF is maintianed in the near term. 

"Financial outflows should weigh on the currency, but further ECB easing risks, continued global economic uncertainties as well as elevated geopolitical risks are likely to keep EUR/CHF depressed", says Nordea Bank.