AUD and CHF are overvalued (Barclays)
Analysts at Barclays Capital think that AUD and CHF are overvalued by 21% and 8% respectively. The specialists point out that these currencies have appreciated as the safe havens during the crisis and uncertainty, but now it’s time for them to give back some more of those gains.
The bank says that out of these 2 currencies Swiss franc is especially vulnerable and recommends staying long USD/CHF. CHF will remain capped by EUR/CHF floor.