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6 Feb 2015
USD/CHF ends the week unchanged
FXStreet (Córdoba) - USD/CHF is on track to close the week unchanged after zigzagging in a narrow range, unable to set fresh direction.
USD/CHF reached its highest level since the SNB shocker at 0.9344 on Monday and entered a consolidation phase, contained by the 0.9175 area on the downside. On Friday a stronger-than-expected US nonfarm payrolls report sent the pair to the upper 0.92’s where it has spent the last hours.
At time of writing, USD/CHF is trading at 0.9255, up 0.6% on the day but flat on the week despite speculation the SNB has been intervening in the market to weaken the franc, aiming an unofficial range of 1.05-1.10 for EUR/CHF.
USD/CHF reached its highest level since the SNB shocker at 0.9344 on Monday and entered a consolidation phase, contained by the 0.9175 area on the downside. On Friday a stronger-than-expected US nonfarm payrolls report sent the pair to the upper 0.92’s where it has spent the last hours.
At time of writing, USD/CHF is trading at 0.9255, up 0.6% on the day but flat on the week despite speculation the SNB has been intervening in the market to weaken the franc, aiming an unofficial range of 1.05-1.10 for EUR/CHF.