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USD/CHF breaks 0.9300 on solid US GDP

FXstreet.com (Athens) – The USD/CHF managed to overcome the barrier of 0.9300 level, due to a greater than expected increase in US GDP.

Will the USD/CHF manage to remain above 0.9300 level?

The USD/CHF spiked to 0.9305 area, as soon as the US annualized revised GDP beat estimations across the board. According to GLOBAL ECONOMICS ING FINMKT, ‘These figures will help to put the September taper question back into the limelight, and certainly encourage thoughts that a taper will be announced at the next FOMC meeting. However, we will have to wait for next Friday’s labor market report to be able to …read more