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💶🔺EUR/CHF Posts Longest Winning Streak Since 2022: Cable FX Macro

  • Euro-Swiss franc is up 0.2% on the day to 0.9906, the 8th consecutive session of gains is the longest winning streak since October 2022

  • Despite the rise, the options market does not seem to engage in further topside. 1w risk reversals continue to favour the franc marginally

  • Analysts noted the higher than estimated U.K. CPI as a reason for funds to engage in CHF shorts against GBP, the offers drove EUR/CHF and USD/CHF higher



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