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sd-10-EFTA01449245Dept. of Justice

EFTA Document EFTA01449245

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16 May 2013 FX Blueprint: Dashing Buck Theme la Swiss Cheese Pounded • Swiss investors have significant underweights in foreign assets and "safe havens" globally are turning. Sell CHF vs USD and EUR. • The GBP bear story is not over, in our view: basic balance dynamics remain explosive, Carney will stay dovish and market positioning is cleaner. Sell GBP vs USD and EUR. Don't Underestimate Swiss Investor The market has been very focused on "safe-haven" inflows into Switzerland in re

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Dept. of Justice
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sd-10-EFTA01449245
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