[USD/CHF] hit the day&apo
By[USD/CHF] hit the day's low of 0.9674 in early Asian trade before
the pair recovered over the course of the day to reach an o/n high of
0.9768 in late US trade buoyed by the Usd/Jpy jumping close to the 83.00
handle as well as by the better than expected trade data and the 24K
decline in US unemployment claims. The pair was also given a prop on the
heavy sell off in the Eur/Usd which saw the pair breaking below the 1.3700
handle. However, heavy selling in the Eur/Chf helped prop the CHF somewhat
sending the pair back down to open this morning around the 0.9700 level
where it is currently trading. With no Swiss and US data due today, the
pair will look to the G20 Summit for direction as buying orders at 0.9650
by a UK name will provide support and selling orders at 0.9755 by a German
will keep the range
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