EUR crosses/Flows and Orders

EUR/CHF: Real money buyers reported on dips

These are the guys to look out for generally, asset mangers (particularly of the Sovereign variety),  who’ve had funds parked in Switzerland for years in many cases. The introduction of negative interest rates by UBS and the calming of EZ bond markets has meant that some of these managers are now looking beyond safety and looking for some return.

If even a small percentage of the big real money starts to exit Switzerland then EUR/CHF will move sharply higher, especially at this time of year.

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