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USD/CHF extends rally after FOMC
15 Şubat 2012 Çarşamba 22:56

USD/CHF extends rally after FOMC

The Swiss franc is weakening against the greenback this Wednesday, with

USD/CHF recently having peaked at a 7-day high of 0.9245 from an earlier low of 0.9154, last near the mentioned high for a gain of over 0.40% following dovish FOMC minutes, stimulating USD demand.

EUR/CHF is consolidating above recent 6-day lows near the 1.2060 area, last quoted at 1.2065 from 1.2072 at the start of trading Wednesday. “Prices are back down close enough to the SNB floor to again make new sales look limited, though we see scope for the 2012 lows and the post SNB floor lows in the 1.2025-30 vicinity to come in for another test,” comments Randolph Donney, analyst at IFR Markets.

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