Deutsche Bank is targeting USD/CHF to low 0.80s, approaching the peak in Fed Funds

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By Eamonn Sheridan

11/04/2023 | 21:54 GMT

DB's view is that they remain very bullish on the Swiss franc:

target a move down to the low 0.80s in USD/CHF

DB argue:

the Swiss franc ... has the highest beta to US front-end rates in G10 and the lowest beta to risk
So as long as you believe the peak in Fed Funds is approaching, like we do, it should be one of the most efficient dollar shorts irrespective of the view on equities.

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