Citi flags asymmetric risk/reward in CHF this month
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.
This article was originally published by Forexlive.com. Read the original article here.