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USD/CHF: Through the floor
We are currently trading below the previous record low at .8550 and it would take a very brave person indeed to start buying this pair. I read an analysis piece yesterday which said USD/CHF would be below .7500 before the end of the year but I didn’t mention it because it seemed way too extreme. Now I’m not sure it’s extreme enough. We contrarians may have to wait a long while for this CHF bubble to burst.
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