Bearish
Morgan Stanley recommends shorting EUR/CHF at 0.90, citing rising Eurozone risk premiums.
Morgan Stanley has advised clients to short the EUR/CHF currency pair at 0.90, attributing this strategy to increasing risk premiums in the Eurozone. The bank set a stop-loss at 0.96, indicating a cautious approach to potential volatility. This recommendation reflects concerns over fiscal and political uncertainties within the Eurozone, which are expected to exert downward pressure on the euro against the Swiss franc.
Key points
- Morgan Stanley's recommendation to short EUR/CHF at 0.90 due to rising Eurozone risk premiums.
- The bank's cautious stop-loss placement at 0.96 suggests potential volatility.
- The strategy reflects concerns over Eurozone fiscal and political uncertainties.
Sources
AI-generated from public news sources. Not financial advice.
