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4 Jun 2014
USD/CHF again supported at 0.8950
FXStreet (Córdoba) - The USD/CHF is falling moderately on Wednesday ahead of the release of the Beige Book and one day before the likely ECB announcement of new measures. Currently trades at 0.8955, down 0.08% for the day.
On Asian hours the US dollar gained momentum and pushed the pair to the upside, but found resistance at 0.8980 and turned to the downside, bottoming before Wall Street opening at 0.8948, the lowest price since early Monday.
The Swiss Franc is the best performer among European currencies. The EUR/CHF fell to test last week lows at 1.2193, after being unable to hold above 1.2200.
On Asian hours the US dollar gained momentum and pushed the pair to the upside, but found resistance at 0.8980 and turned to the downside, bottoming before Wall Street opening at 0.8948, the lowest price since early Monday.
The Swiss Franc is the best performer among European currencies. The EUR/CHF fell to test last week lows at 1.2193, after being unable to hold above 1.2200.