USDCHF Technical Analysis - The pair bounced from the 0.90 handle ...Middle East

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USDCHF Technical Analysis - The pair bounced from the 0.90 handle
The USD weakened across the board last week due to a more dovish than expected FOMC decision where the Fed decided to signal a bigger QT taper beginning in June and the Fed Chair Powell pushed back repeatedly against rate hike expectations. Moreover, the data on Friday showed that the Fed might indeed just keep rates higher for longer as job and wage growth soften. On the other hand, the CHF appreciated substantially following the higher than expected Swiss CPI figures last Thursday. The market paired back a little the very dovish pricing for the SNB and now sees just a 60% chance of a rate cut in June. Overall, this shouldn't change much for the SNB as they have already projected in March t

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