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- CHF: Switzerland can be named a currency manipulator in October - Citi
CHF: Switzerland can be named a currency manipulator in October - Citi
eFXdata reports that Citi flags a scope for Switzerland to be named a currency manipulator by the US.
"In October, Switzerland met the objective criteria to be labeled a currency manipulator by US Treasury. The timing of the US Treasury Foreign Exchange Report has been disrupted over the past 18 months; however, we expect the US Treasury will attempt to get back on schedule by releasing the report this month".
"This provides asymmetric risk/reward for long CHF positions in the coming weeks as countries named currency manipulators tend to see their currencies strengthen," Citi adds.
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