The USDCHF tumbles helped by central bank comments, stronger Swiss data, and a lower USD ...Middle East

The USDCHF has tumbled lower in trading today. The decline is near the largest 1-day fall for the year January 24 (-0.8503%) SNB Jordan talked about the low CHF and how it may increase inflation. He also rattled the cages about intervention. Remember, the SNB surprised the market with a cut in interest rates this year. Is there some regret? Swiss data also helped contribute to the rise in the CHF (fall in the USDCHF), as has a softer US dollar today. Technical breaks on the charts have also contributed to the downside momentum.Technically the price has now moved below the 50% midpoint of the May trading range. That level comes in at 0.90724. Staying below that area is now the close risk for

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The USDCHF tumbles helped by central bank comments, stronger Swiss data, and a lower USD ...Middle East

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