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EUR/CHF: BNP bank targeting 1.12 by the end of the year

"Governor Fritz Zurbruegg reiterated that the SNB expects the downward trend of CHF to continue, adding that he was convinced that the negative rates and the fact that the SNB is ready to intervene will make investments in the CHF least attractive.
"We concur with the Governor and are aiming for 1.12 by the end of the year." says the BNP bank.
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