OctaFX | OctaFX Forex Broker
Open trading account

USD/CHF 0.9700 coming back into play

FXstreet.com (London) - The franc has lost some ground again to the dollar as traders get back from their lunch break saving their ‘apatite’ for 0.9700 perhaps?

The quote has been oscillating between 0.9683 and the handle 0.9700. The pair had been here in the earlier hours of the session before the franc brushed off the disappointing export numbers. The only data left for today is the all-important US consumer confidence data coming up at 1500hrs BST.

Eyes will be closely on this for sentiment in the labour markets that is going to be the lead economic signs for a US recovery. 0.9750 comes as next target after the figure in a dollar positive environment. Key support is seen at 0.9570, after 0.9680 and the pivot zone 0.9625.

Flash: Yen corrections continue to be shallow - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale note that the yen's corrections continue to be shallow affairs relative to the size of the currency's fall since last Autumn.
Read more Previous

US S&P/Case-Shiller Home Price Indices (YoY) up to 10.9% in Mar from 9.3% in Feb

Read more Next
Start livechat