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Morgan Stanley trade of the week is to buy....>

FOREX
FOREX: Morgan Stanley trade of the week is to buy GBPCHF at market with a target
of Chf1.3350 and a stop at Chf1.2760. MS add, we think both the SNB's intention
to prevent excessive CHF appreciation and the potential for a positive Brexit
outcome are not fully priced in. The CHF's broad and gradual strengthening since
late January may attract SNB attention and action. We expect upcoming risk
events that could support CHF to pass without negative outcomes.

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