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Mar 17 - 12:55 PM

CHF: Selling Pressure To Ease But Staying Long EUR/CHF M/Term - Credit Agricole

By eFXdata  —  Mar 17 - 11:15 AM

Credit Agricole CIB Research stays in favor of CHF downside, but notes that less elevated long positioning suggests such a course of action will prove more gradual from here.

"We remain long EUR/CHF as a trade recommendation but continue to treat the 1.1500 target as longer-term in nature...According to our FX Risk Index analysis, investors’ appetite for risk assets continues to be strong with global growth expectations remaining strong enough to offset the dampening impact of higher yields on risk assets," CACIB notes. 

Source:
Crédit Agricole Research/Market Commentary

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