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M Stanley Identifies CHF as Most Gold-like Risk-off Currency; USD/CHF May Depreciate 17%+ in Bear Case
Switzerland's low inflation, fiscal stability, and asset security make the Swiss Franc the most gold-like safe haven currency, a report published by a strategy team led by Morg...
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M Stanley Identifies CHF as Most Gold-like Risk-off Currency; USD/CHF May Depreciate 17%+ in Bear Case
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Switzerland's low inflation, fiscal stability, and asset security make the Swiss Franc the most gold-like safe haven currency, a report published by a strategy team led by Morgan Stanley strategist David Adams indicated.

Under a bear base, USD/ CHF could climb to a historic high of 0.64. Based on yesterday's (23rd) trading price of approximately 0.776 against the USD, the potential depreciation of the USD/ CHF could reach about 17%.

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The Swiss Franc is an overlooked and undervalued safe haven asset, with its appreciation magnitude and speed likely to far exceed investor expectations and market pricing, the report stated. It was deemed as the most resilient safe haven asset, with a record of outshining other assets during market turmoil.

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