💱Swiss Franc Bullish Exposure Rises to Highest In A Month: Cable FX Macro

• Despite the stretched technicals flagging a short-term reversal in the CHF crosses, traders continue to increase bullish exposure across the front-end of curve. Both 1w and 1m tenors have seen topside franc interest rise.

• We remind you that the CHF is the best expression in FX to a potential risk selloff in the U.S., I wrote more about it here.