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Oct 16 - 12:55 PM

CHF: Switzerland Can Be Named A Currency Manipulator In October; Asymmetric Risk/Reward For CHF - Citi

By eFXdata  —  Oct 16 - 10:45 AM

Citi flags a scope for Switzerland to be named a currency manipulator by the US  by US Treasury in October. 

" CitiFX Strategy’s latest: Switzerland can be named a currency manipulator in October. Switzerland has met the objective criteria to be labeled a currency manipulator by US Treasury. The timing of the US Treasury Foreign Exchange Report has been disrupted over the past 18 months; however, we expect US Treasury will attempt to get back on schedule by releasing the report this month.

"This provides asymmetric risk/reward for long CHF positions in the coming weeks as countries named currency manipulators tend to see their currencies strengthen," Citi adds. 

Source:
Citi Research/Market Commentary

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