SHORT=> A bearish outlook for USD/CHF pair
A bearish outlook for USD/CHF pair
The SNB lowered its benchmark interest rate by 25bps to 1.5% in its March meeting, surprising markets that expected a hold, to mark the first rate cut among major central banks following the start of global disinflation in 2023.
This policy change attracted crowded short trades, making this one of the most crowded trades at the moment. Over the last three months, the total net position of shorts outweigh the longs which is reflective of the bearish market sentiment.
The SNB lowered its benchmark interest rate by 25bps to 1.5% in its March meeting, surprising markets that expected a hold, to mark the first rate cut among major central banks following the start of global disinflation in 2023.
This policy change attracted crowded short trades, making this one of the most crowded trades at the moment. Over the last three months, the total net position of shorts outweigh the longs which is reflective of the bearish market sentiment.
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