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CHF was the one currency to rule them all thanks to positive developments from Switzerland & broad risk-off vibes from geopolitical catalysts & shifting sentiment on economic activity ahead.
Market players had a lot to digest including property sector updates in China, geopolitical risks, & the always anticipated U.S. core PCE Price Index update!
Like any necessary activities in forex trading, testing your strategies can provide you with the tools you need to get that extra edge over the markets.
USD/CHF recently tumbled following the release of mid-tier U.S. economic data supporting a Fed rate hike as soon as this year. How low can this pair go before the bulls step in?
Revised U.S. economic growth data sent the U.S. dollar and other major financial assets all over the charts yesterday!
Data releases from the U.S. showed weakness, which fired up interest rate cut bets for the Fed and weighed on the U.S. dollar.