As the greenback has continued to edge higher after intra-day selloff to fresh 2009 low of 0.9910 partly due to active cross-selling in Swiss franc, suggesting further consolidation would be seen and although rebound to the Kijun-Sen (now at 1.0070) cannot be ruled out, renewed selling interest should emerge below…
Tag Archives: swiss franc
Dovish MPC Minutes Adds to the Pressure on UK Yields
The pound has recorded a split performance this week. It fell against the low yielding currencies (Japanese yen, US dollar, euro and Swiss franc) and rose against the commodity currencies (Canadian, Australian and New Zealand dollars) and the Swedish krona. GBP/USD closed the week at $1.6519, pulling back from the…