Buy USD/CHF ahead of the SNB - Credit Suisse

Discussion in 'Market News' started by ForexLive, Dec 8, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    The SNB is going to cut, the Swiss bank says Credit Suisse in its weekly tactical FX pick to clients: "Our view is that the SNB will still cut this Thursday, most likely by 25bp to -1.00bp. Although Draghi did not deliver to market expectations, our Swiss Economic Research team still believes that it will be important for the SNB's credibility to respond to the ECB cut, especially when domestic data are so weak," Credit Suisse projects.

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