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CHF Trend Attracts Much Attention
Abstract：Swiss franc has risen to parity against the euro for the first time in five years.
May 14th from WikiFX. Swiss franc has risen to parity against the euro for the first time in five years. As of May 5th, CHF speculative net long position increased by 2,215 to 7,791 contracts. Among them, speculative long positions increased 493 to 12,967, while speculative short positions decreased 1,722 to 5,176 contracts.
The rise in new confirm cases proves forex option traders’ warning in the past few weeks about a second wave of outbreaks. They expressed this concern by making bullish bets on the safe-haven Swiss Franc.
The market also has high demand for USDX longs of 9 moths-12 months of maturity. Bond investors have a similar view, proven by the 10-year syndicated underwriting bonds issued in the UK on Tuesday that attracted nearly US$100 billion of subscription.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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