Free Trial

Citi Stick With 50bp Cut Call, Like Long EUR/CHF & Short CHF/JPY


{SZ} CHF: Citi note that “CHF retraced early gains following slightly firmer than expected Swiss Feb CPI. We argued that CHF rallies should be sold as the direction of travel is still clear: inflation is declining, and we are on track for easing.”

  • “Sticky services inflation is a hawkish point within the print, but with headline coming in line with economist expectations (1.2% YoY), our call for a 50bps March SNB cut remains intact. Our favoured expressions are short CHF/JPY and long EUR/CHF.”
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.