Dollar could hit 1.40 against Swissie

A recovery from a mid-cycle slowdown, a scenario the market is already starting to price in, suggests USD/CHF could have a run to 1.40 or so.

A quick glance at the bigger picture suggests all is not rosy for the greenback: bearish consensus dollar views are abundant, the currency is no longer overvalued and the path towards economic growth is littered with obstacles. Suffice to say the market dislikes the dollar as much as it did in 1995. On the other hand, strong economic data has also failed to

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