From the FXWW Chatroom – Baml: Our G10 quant trade of the week is to buy $CHF. The present USD trends are supported by light positioning, in our view. The robust demand in New York hours has re-established US dollar trends, while Asia USD supply has diminished. In our view, USDCHF has further to go with Up-Down vol showing rising volatility when the spot goes up. In addition, SDR options are bullish with increased flows in <1m USDCHF calls last week.
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