Thursday, 12 August 2021

US Dollar a Focal Point with USD/CHF Approaching Resistance Levels

The US Dollar continues to consolidate after the US CPI release with central bank tapering a key determinant of future direction. As USD rises, CHF depreciation approaches important levels.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...