Euro weakness ahead? JP Morgan hold short on EUR/CHF

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JP Morgan are staying quick EUR/CHF, citing:

• Whereas financial progress is getting a raise from the decrease This fall 2023 developed market yields, the bounce again is a risk to the restoration in Europe
• German manufacturing seems to be weakening giving materially undershooting PMI

Dangers famous to the place embody:

• a

  shift within the Swiss
  Nationwide Financial institution’s FX intervention stance

• undershoot on Swiss inflation
• higher European
  PMIs means the
  potential for protected haven outflows from CHF

  as regional progress
  improves

This text was written by Eamonn Sheridan at www.forexlive.com.

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