Dollar edges down before Fed speakers, data; Swiss franc rises after SNB – Yahoo Finance
Stefano Rebaudo (Reuters) – The safe-haven dollar edged lower on Thursday as risk appetite rose, with traders focusing on speeches by the Federal Reserve's top policymaker and economic data due later in the day for clues about the pace of interest-rate cuts. Meanwhile, the Swiss franc strengthened after the Swiss National Bank cut interest rates […]
Swiss franc primed for further gains with the SNB on the cards – ForexLive
Although there has been some scuffling so far in June trading, USD/CHF finally fell below a key support threshold yesterday. USD/CHF daily chart The 200-day moving average (blue line) fell back along the 61.8 Fib retracement level of this year’s upward swing. The pair’s decline is noteworthy as downward momentum continues to strengthen after dropping […]