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Barclays still likes CHF higher


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Barclays Research bullish bias on the CHF in the medium term:

  • “We expect the CHF to continue trading at the upper end of its historic range as market sentiment remains fragile, and the SNB is less likely to intervene given the stickiness of inflation. worldwide,” notes Barclays.
  • “The SNB’s hawkish rhetoric is also helping to bridge the rate gap between the CHF and the rest of the G10. President Jordan has signaled the risk of second-round effects and pledged to maintain price stability and to act if inflation risks materialise,” Barclays adds.

USD/CHF update:


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