EUR: S/T Dips Into Will Likely Be Bought; CHF: A Sell Vs EUR & GBP – Citi

CitiFX Research summarizes its near-term views on EUR and CHF, and thinks that EUR dips will likely be bought, while sees CHF rallies as selling opportunities.

"We still believe it will be hard to make a new EUR high before the year is out, but given the move back above 1.19, dips will be bought all the way down to 1.1830-00," Citi argues.

"We favor selling rallies in CHF as we think global growth has a long way to run and central banks continue to be hawkish. We favor selling CHF against EUR and GBP," Citi advises.

Source: Citi ResearchOriginal Article