7 Jul 2015
USD/CHF hits 1-month highs above 0.9500
FXStreet (Córdoba) - A stronger US dollar pushed USD/CHF to trade above 0.9500. The pair peaked at 0.9515, hitting the highest level since May 27. It failed to hold above 0.9500 and pulled back. Currently trades at 0.9480, up 55 pips for the day.
That 0.9500 handle…
Greenback last week also traded momentarily above 0.9500 but it was unable to hold. A consolidation on top of the mentioned handle could open the doors for more gains.
The pair is moving with a bullish bias in the short term, with immediate support at 0.9470 and below here at 0.9430 and 0.9405.
Greece, Fed… the old story
Talks regarding Greece appear to be taking place, with Greek creditors waiting for a proposal. Traders are also starting to look for the FOMC minutes that will be released tomorrow. Recently the International Monetary Fund warned about risks of raising rates too soon.
Greenback and yen are among the best performers in the market on Tuesday amid risk appetite, while the Swiss franc is the best among European currencies.
That 0.9500 handle…
Greenback last week also traded momentarily above 0.9500 but it was unable to hold. A consolidation on top of the mentioned handle could open the doors for more gains.
The pair is moving with a bullish bias in the short term, with immediate support at 0.9470 and below here at 0.9430 and 0.9405.
Greece, Fed… the old story
Talks regarding Greece appear to be taking place, with Greek creditors waiting for a proposal. Traders are also starting to look for the FOMC minutes that will be released tomorrow. Recently the International Monetary Fund warned about risks of raising rates too soon.
Greenback and yen are among the best performers in the market on Tuesday amid risk appetite, while the Swiss franc is the best among European currencies.