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Jan 14 - 01:24 AM
CHF: Risk-Reward Attractive For Selling CHF Against The USD & EUR - Citi
First appeared on eFXplus on Jan 13 - 04:15 PM

Citi discusses the CHF outlook and flags a scope for long USD/CHF and long EUR/CHF to outperform over the coming weeks on the back of the following 4 reasons.  

"(i) the SNB will continue to intervene given current levels of EURCHF and USDCHF;

(ii) risk aversion on a US-Iran deescalation should diminish;

(iii) troughing data in Europe will be short-term negative CHF; and

(iv) technical levels and price action make risk/reward attractive," Citi notes. 

Citi Research/Market Commentary


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