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Forex: USD/CHF still pressured during US trade

FXstreet.com (Barcelona) - The area at 0.9430 has been holding the USD/CHF against further downside successfully, but the market is insisting is keeping the pair subdued at that area, below the opening price of 0.9460 and the daily high at 0.9480.

US Building Permits rose from 0.904M to 0.946M in February, beating consensus of 0.925M. January data was revised lower, from 0.925M. US Housing Starts also improved more than expected, from 0.910M (revised from 0.89M) to 0.917M. Market consensus was at 0.915M.

“We think today the price may continue growing up towards the target at 0.9500 and then start a new descending wave to reach the level of 0.9300” wrote Roboforex.com analyst Igor Sayadov.

Forex: USD/JPY testing the 95.00 level

The USD/JPY has edged lower Tuesday, paring its gains to fall into negative territory during US trading. Having topped out at 95.75 (session high) during overnight trading, the pair has been in gradual decline all day, now operating at the 95.07/08 level and bolstered by support.
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Fundamental Afternoon Wrap: No escaping the Cypriot storm

This afternoon´s institutional research has stuck with the Cypriot theme due to the overwhelming liquidity of the situation. Is the vote on or off? Is the foreign minister on his way to Moscow? Has the levy been amended? Big questions are being asked but for now, the answers are unknown.
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