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Friday 24 February 2017

Deutsche Bank: Short positions in EUR/CHF have become more attractive

The fundamentals remain constructive for the Swiss currency, in addition to these, analysts believe that increased political risks in Europe that are negative for the euro and positive for francs and which maintain the status of the franc as a safe haven currency.
At Deutsche Bank noted that the inflow of foreign capital continues to urge the franc to rise, as 1.06 level seems to have become the new unofficial border of the Swiss National Bank, as bank analysts do not talk about defense of this level at any cost.
At Deutsche Bank advised attempts to growth of EUR/CHF to be used for sales of еuro, expecting to break below 1.06 and the fall of the exchange rate at 1.00. Analysts note that the data show favorable for such a deal positioning of market participants.

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