USD/CHF trading upwards, still capped by 0.9200
FXstreet.com (Athens) – The USD/CHF is trading upwards today, after the heavy liquidation of the American dollar against the ‘Swissie’ on Monday.
USD/CHF moves upwards after Tuesday’s US solid data brought back ‘Septaper’ rumors
The USD/CHF fell apart on Tuesday, as it broke the crucial resistance of the 0.9200 area. Risk aversion has still markets in its grip, but in Wednesday’s European trading session the ‘greenback’ managed to move a bit higher, but well below 0.9200. Kit Juckes from Societe Generale, says that ‘The blood-letting won’t really end until the Fed finally moves from taper-talk to actually cutting back bond purchases …read more