USD/CHF under pressure on U.S. Vows to Hold Syria Accountable
FXstreet.com (Athens): The USD/CHF retreated today after yesterday’s gains, on both hawkish US stance on Syria and soft US data.
John’s Kerry hawkish stance against Syria damp investors’ risk appetite.
The USD/CHF moved downwards today, but still struggling to support the 0.9200 area. “While tapering is inevitable, timing remains uncertain and data-dependent,” Donald Williams, Sydney-based chief investment officer at Platypus Asset Management Ltd., which manages about $1 billion, wrote in an e-mail.
Technical outlook on USD/CHF
At the time of writing, the pair is trading at 0.9225, down 0.08%. Earlier the pair broke the crucial support as of 0.9200, touching a daily …read more