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Flash: position by buying USDCHF - Bank of America Merrill Lynch

FXstreet.com (London) - Tomos Rhys Edwards, Bank of America Merrill Lynch Global expect’s the CHF to weaken further, consistent with the overall increase in global risk appetite and recent improvements in the Eurozone periphery.

Moreover, buying USDCHF instead of selling EURUSD provides some protection against a scenario in which the ECB surprises by delivering even more than markets expect to help credit conditions in the periphery countries, because in this case both EURUSD and EURCHF are likely to strengthen.

GBP/JPY: 155.80 and traded lower

The cross has not recovered as much ground as its counterparts did when Japans economic minister said that the yens weakness could be ‘harmful’ to the economy.
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Forex: EUR/USD eases off highs during muted trading

The EUR/USD has been trading positively Monday, recently operating in the heights of 1.2879 (session high) – however in recent moments the cross has eased back to the 1.2966/69 level during European trading.
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