Morgan Stanley: buy USD/CHF
Strategists at Morgan Stanley recommend buying USD/CHF from 0.9290 with a target of 0.9700 and a stop at 0.9160.
"CHF is a cheap way to fund long USD positions. SNB Danthine’s comments earlier this week support our view that low Swiss rates and the SNB’s floor arelikely to remain in place for the foreseeable future", they say.
Chart. Daily USD/CHF