The pair initially broke below its 100-hour moving average near 0.9113, along with a swing area between 0.9108 and 0.9115. After fluctuating around the 200-hour moving average (0.90896), another wave of selling pushed the price toward a support zone between 0.9058 and 0.9062, with the day's low reaching 0.9064. Over the past several hours, USD/CHF has been consolidating in a narrow range between 0.9064 and 0.9084.
Adding to USD weakness is the decline in U.S. yields, reversing yesterday’s rise. The 10-year yield is now down -8.2 bps, trading at 4.552%, further pressuring the dollar.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdchf sellers took the wind out of the buyers sails despite diverging inflation readings was published today ( ) and is available on forex 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 sellers took the wind out of the buyers sails despite diverging inflation readings )
Also on site :