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Barclays on its CHF outlook. Adopt a bullish bias on the CHF in the short term.
- “We expect the EURCHF to trade at the lower end of its recent range in the near term, as global risk aversion rises with three of the world’s largest economies facing heightened growth risks. , for different reasons,” notes Barclays.
- “Last week’s increase of 6.5 billion francs is a notable jump from the average additions of 1-2 billion francs in previous weeks. 1.02-1.05,” adds Barclays.
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