Like ‘em, loathe ‘em or just ignore ‘em but MS have issued a recommendation this morning to buy USDCHF
Gone long at 0.9290
Stop at 0.9160
T/P 0.9700
Well, their risk/reward ratios are ok at least
Says MS:
CHF is a cheap way to fund long USD positions. SNB Danthine’s comments earlier this week support our view that low Swiss rates and the SNB’s floor arelikely to remain in place for the foreseeable future
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