Forex Today

Goldman recommends traders short the euro versus Swiss franc after ECB rate hike By Reuters

    Share on Facebook Share on Twitter

    © Reuters. FILE PHOTO: A projection shows a 100 franc banknote in a window in Zurich, Switzerland December 16, 2021. REUTERS/Arnd Wiegmann

    LONDON (Reuters) – Goldman Sachs (NYSE:) recommends investors short the euro against the Swiss franc following the European Central Bank’s record rate increase as they think it likely the Swiss National Bank will want to take action to arrest the franc’s depreciation.

    In a note published on Thursday, Goldman Sachs said they recommend a short trade, targeting 0.955 on a tactical horizon, with a stop at 0.985.

    One euro was worth 0.9668 Swiss francs on Thursday.

    Originally Published Here -Source link

    0 0 votes
    Article Rating

    AUD/USD Falls On Strong U.S. Jobs Data

    Previous article

    Biden climate act may create your next job, and a half-million careers

    Next article

    You may also like

    More in Forex Today

    Notify of
    Inline Feedbacks
    View all comments