Following today’s SNB comments that there is no limit (they have officially lost control…crazy!!) to expanding it’s balance sheet, USD/CHF just crossed the 1 year downtrend in place since 1.0328.
If the currency pair closes the week above 0.9960, i suspect that we could move towards 1.09/1.10 in the following months !
So if you want to go shopping in NYC, hurry up !
Source: Bloomberg, long-short.ch
Swiss stocks are underperforming European indices ! EUR/CHF slide to 1.08 is one of the reasons. The other is the weakness of … Nestlé which i find overvalued by the way.
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