Fundamental OverviewThe USD continues to be backed by good economic data as we have also seen recently from the US PMIs last Friday and the US Consumer Confidence report this week. Although such data keeps the interest rates expectations stable around two cuts by the end of the year, it should also support the risk sentiment amid a pickup in growth. This could be a headwind for the greenback. The CHF, on the other hand, weakened after the SNB cut interest rates by 25 bps to 1.25%. The market was pricing a 68% chance of a cut going into the decision, so it wasn’t really a surprise. The central bank also lowered its inflation forecasts though, so that added to the Swiss Franc weakness. The onl
Hence then, the article about usdchf technical analysis we are approaching a key resistance was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( USDCHF Technical Analysis – We are approaching a key resistance )