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May 17 - 11:00 AM
EUR/CHF: Retracement Likely Temporary; Looking To Consider Fresh New Longs - BNPP
First appeared on eFXplus on May 17 - 08:55 AM

BNP Paribas Research discusses EUR/CHF outlook and promotes buying the cross on further dips.

"EURCHF is trading in line with non-core 10y spreads vs Germany. Our interest rate strategy team does not expect spread widening to extend much further and they think the trajectory for Bund-BTP spreads will be a tightening one. They target the spread tightening to 100bp in the second half of the year.

Similarly, we think the sharp retracement in EURCHF will likely prove short-lived and will be quick to consider adding long spot exposure in the cross," BNPP argues. 

Source:
BNP Paribas Research/Market Commentary

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