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Oct 07 - 10:55 AM

G10: FX Scorecard: Long USD/CHF, Short EUR/USD - BofA

By eFXdata  —  Oct 07 - 09:30 AM

Bank of America Global Research outlines the latest readings from its FX Scorecard.

"FX scorecard now notably bearish CHF & EUR vs. USD… Long USDCHF and short EURUSD are supported by relative policy expectations, growth & inflation expectations, carry and our risk factor. Whereas long USDCHF is additionally supported by flows, short EURUSD is additionally supported by momentum," BofA notes. 

"From a valuation perspective, both are currently in significant overshooting territory, however, which represents an offsetting bearish USD signal to consider on both pairs," BofA adds. 

Source:
BofA Global Research

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