United Kingdom Hometrack Housing Prices s.a -0.1% in Feb
Mar 4, 2013
Forex Flash: USD/CHF forming a long term base - UBS
Dollar sceptics should take a look at USDCHF, with "the charts forming a long term base" says Mansoor Mohi-uddin, Head of FX at UBS. "This matters as the pair is the closest proxy for the old USDDEM rate" he notes.
With monetary base data in Japan just released showing the most increase YoY in 12 months at 15% when previous was 10.9% and expected 11.5%, and Nikkei index opening above the 11650 points up +0.68%, USD/JPY keeps flat for the moment from previous weekly close Friday, last at 93.56. The pair prints session lows at 93.35, and highs at 93.69, gaining +8.75% year to date, and +19.34% in last 6 months.