As today’s USD/CHF chart shows, the exchange rate has fallen below 0.872 – the Swiss franc hasn’t been this strong against the US dollar since early February this year. Bearish sentiment is driven by: → Expectations of a Fed rate cut, weakening the US dollar; → Low inflation in Switzerland – today’s CPI data shows […]
The post USD/CHF Falls to Lowest Level in Nearly Six Months appeared first on Action Forex.
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The Fed announced its first rate cut with a relatively balanced rhetoric History points to a high probability of back-to-back moves Dollar/yen and Treasury yields tend to drop until the second rate cut Barring a Read more…