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USD/CHF breaks 0.9120, rises to 7-month highs

FXStreet (Córdoba) - The USD/CHF broke above 0.9120 after FOMC minutes that boosted the US dollar across the board. The pair peaked at 0.9137, reaching the strongest level since January 21.

USD/CHF highest close for 2014

Price remains near the highs, consolidating a gain of 40 pips, headed toward the highest daily close since November 20, 2013. The USD/CHF is about to post the third daily gain in a row and remains with bullish momentum.

Since the beginning of the week the pair has risen more than a hundred pips. On Wednesday finally broke above a key resistance level located around the 0.9110 area, that capped the upside various occasions during August.

US stocks end higher despite FOMC minutes

US equities finished mostly in positive territory after being able to erase losses. Following the release of the FOMC minutes stocks turned lower but then bounced in the last hour of trading to end at highs.
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AUD/USD back below 0.9300

The FOMC minutes pushed the AUD/USD back below 0.9300. The pair printed a fresh weekly low during the American session at 0.9274 but the bounced, approaching 0.9300.
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