Anticipate policy divergence: Long AUD/CHF ahead of RBA and SNB June meetings ...Middle East

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Anticipate policy divergence: Long AUD/CHF ahead of RBA and SNB June meetings
Bank of America suggests a long AUD/CHF trade in anticipation of policy divergence between the Reserve Bank of Australia and the Swiss National Bank at their upcoming June meetings. The recommendation is based on recent Australian labor market data reinforcing a higher-for-longer rate stance from the RBA.Key Points:RBA Policy Outlook:Expected Rate Decision: BofA anticipates the RBA will keep rates unchanged at 4.35% during the June 18 meeting.Labor Market Data: An unexpectedly strong jobs report, with unemployment falling to 4.0% and significant full-time job growth (+41k vs. -2k part-time), supports the case for a stable or higher rate environment in Australia.SNB Policy Divergence:Policy E

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