Euro weakness ahead? JP Morgan hold short on EUR/CHF ...Middle East

JP Morgan are staying short EUR/CHF, citing:While economic growth is getting a lift from the lower Q4 2023 developed market yields, the bounce back is a threat to the recovery in EuropeGerman manufacturing looks to be weakening giving materially undershooting PMIRisks noted to the position include:a shift in the Swiss National Bank's FX intervention stanceundershoot on Swiss inflationbetter European PMIs means the potential for safe haven outflows from CHF as regional growth improves This article was written by Eamonn Sheridan at www.forexlive.com.

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