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Forex: USD/CHF falls to 6-week low

FXstreet.com (Córdoba) - The Swiss franc managed to climb to a fresh 6-week high against a broadly weaker greenback given the positive market mood. USD/CHF dropped over 60 pips throughout the day and accelerated south on the 0.9300 break to hit its lowest since Feb 25 at 0.9278.

At time of writing, USD/CHF is trading around 0.9285, 0.4% below its opening price, with immediate supports at 0.9278 (intraday low), 0.9230 (Feb 25 low) and 0.9200 (psychological level). On the other hand, resistances could be found at 0.9300 (intraday low), 0.9335 (100-hour SMA) and 0.9365 (Apr 9 high).

Forex Flash: KRW priced negative as BoK downgrades growth outlook – Westpac

According to Strategist Jonathan Cavenagh at Westpac, “Looking at the fundamentals from a Korean perspective, we feel that a lot of bad news is priced into the KRW outlook.” The growth outlook has been downgraded by both the Government and the BoK.
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Cyprus’s bailout to reach €23 billion

According to Cyprus’s international creditors, the final figures of the rescue package would climb to €23 billion, exceeding the €17 billion previously estimated and representing an increase of...
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