USDCHF Technical Analysis – The price is testing a key trendline ...Middle East

Fundamental OverviewThe USD has been overall rangebound in the last couple of weeks. The last week’s strength might have been influenced more by quarter-end flows rather than something fundamental as the economic data didn’t change interest rates expectations. Nonetheless, all else being equal, the data should continue to support the risk sentiment amid a pickup in growth without inflationary pressures and that could weigh on the US Dollar eventually.The CHF, on the other hand, weakened a lot as the SNB cut rates by 25 bps bringing the policy rate to 1.25%. Now, the rate cut wasn’t really a surprise as the market was already pricing a 68% chance going into the event. What added to the Swiss

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Last updated : 02 July 2024 clock 12:50 PM

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USDCHF Technical Analysis – The price is testing a key trendline ...Middle East

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