CHF remains the favoured short - Westpac

CHF remains the favoured short, yet again for the analysts at Westpac.

Key Quotes

“Italy’s issues have not triggered any pronounced safe haven CHF demand, but any such moves will be met by sound SNB action. Recent price data shows that the risk of a slip into further deflation persists. The SNB’s continuation of NIRP will maintain the bias for a softer CHF. We buy USD/CHF at 1.0020 stop 0.9920.”