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28 Jul 2015
USD/CHF hits 3-months highs and retreats
FXStreet (Córdoba) - The Swiss franc started to fall against the US dollar during yesterday’s European session and today extended losses. USD/CHF broke above previous monthly highs but it failed to rally above and pulled back.
USD/CHF holds trims gains after US data, ahead of FOMC
Greenback peaked at 0.9673, reaching the strongest level since mid-April but then pulled back below 0.9650 after the US consumer confidence report showed an unexpected decline. Currently it trades around 0.9620, the same level it had at the begging of the week.
Tomorrow the Federal Reserve will release its statement. No change in rates is expected but the tone of the FOMC document is likely to impact on the US dollar. USD/CHF awaits the meeting with a modest bullish tone, trading near 3-month highs but still unable to consolidate above 0.9650.
USD/CHF holds trims gains after US data, ahead of FOMC
Greenback peaked at 0.9673, reaching the strongest level since mid-April but then pulled back below 0.9650 after the US consumer confidence report showed an unexpected decline. Currently it trades around 0.9620, the same level it had at the begging of the week.
Tomorrow the Federal Reserve will release its statement. No change in rates is expected but the tone of the FOMC document is likely to impact on the US dollar. USD/CHF awaits the meeting with a modest bullish tone, trading near 3-month highs but still unable to consolidate above 0.9650.