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USDCHF Technical Analysis

The miss in the US CPI last week triggered a selloff in the US Dollar across the board. The market is increasingly confident that the July hike will be the last one for this cycle and what will follow are rate cuts sometime in early 2024. Moreover, there’s also a positive risk sentiment in the market due to the soft-landing narrative caused by the falling inflation rate, resilient labour market and rising consumer sentiment. All of the above weighed a lot on the USD. Conversely, the SNB raised i... Read More

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Usdchf

Technical

Analysis

Forex

Posted: Jul 19 2023, 07:12

Author Name: forexlive

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