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27 Jan 2015
CHF: Opportunities to sell - BAML
FXStreet (Guatemala) - Analysts at Bank of america Merrill Lynch explained conditions surrounding the CH since the floor was removed in EUR/CHF.
Key Quotes:
"After the SNB shock decision to un-peg EUR/CHF on Jan 15th, we take stock as markets adjust to the new regime."
"Valuation models show CHF has overshot its equilibrium level to a greater extreme than in 2011 when the floor was imposed."
"Volatility remains high and CHF moves continue to be unpredictable, but we may soon see opportunities to sell CHF."
Key Quotes:
"After the SNB shock decision to un-peg EUR/CHF on Jan 15th, we take stock as markets adjust to the new regime."
"Valuation models show CHF has overshot its equilibrium level to a greater extreme than in 2011 when the floor was imposed."
"Volatility remains high and CHF moves continue to be unpredictable, but we may soon see opportunities to sell CHF."