Chris is correct about longer and IMO even medium term outlook for the CHF. The SNB actually went to negative exchange rates previously to halt the rise in their currency to keep their exports competitive. There seems to be a few prominent currency strategists now coming out in the media calling for an eventual weakening of the CHF that were not there in the past. It can't be a bad longer term trade idea. Just the nature of these flows vs intervention should make it a bit bumpy in the shorter time horizon. I guess that just mean more chances to sell back in right
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