Citi analysts like EUR/CHF
Citibank analysts (not the tech guys) say like EUR/CHF, noting the slide is overextended and that hedge funds have too large a short position. Yield spreads between Germany and the likes of Greece and Spain have narrowed a bit of late, lessening the safe-haven play. The like a small position, about 5% of a portfolio, they say…

AUTOREFRESH 













So you say, and the chf is the only one to make noticeable move this afternoon. Eurchf back up 1.3000 and usdchf above 1.0150… Interesting, are they short covering?
1.35 here we come : ) In absolute terms I think this pair is fairly cheap (in ppp that is)…having spoken to an analyst yesterday pp-fair-value is at least 1.37-1.40…that makes for an interesting bet, once we have bottomed out…
PPP (pruchasing power parity) can stay out of whack for decades, hell, forever…careful with that…
Nice reading before the NFP figures
http://community.nasdaq.com/news/2010-09/august-nonfarm-payrolls-preview.aspx?storyid=34960
Thx Jamie…I’ll bear that in mind! : )