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USDCHF Technical Analysis - The USD comes back to life
The miss in the US NFP and CPI reports triggered a selloff in the US Dollar across the board. The market got 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. The recent beats in US economic data like the retail sales and the initial claims made the market to reconsider a bit its expectations and the USD came back to life as we started to see some profit taking ahead of the next week’s FOMC meeting.On the othe...
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Posted: Jul 21 2023, 09:02
Author Name: forexlive
Views: 110627