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20 May 2015
USD/CHF wavers after FOMC minutes
FXStreet (Córdoba) - USD/CHF oscillated and then fell to fresh daily lows following the release of the FOMC meeting minutes, but remained well within its recent trading range.
The dollar weakened slightly after FOMC minutes showed a June hike was judged “unlikely” by members, although they did not ruled it out. Overall, minutes suggested the liftoff could occur at any meeting and will remain data dependent.
USD/CHF rose to the 0.9385 area only to fall to a fresh low of 0.9335 in the subsequent minutes. At time of writing, the pair is trading at the 0.9360 area, roughly at the same level it was before the minutes and just a few pips below its opening price.
The dollar weakened slightly after FOMC minutes showed a June hike was judged “unlikely” by members, although they did not ruled it out. Overall, minutes suggested the liftoff could occur at any meeting and will remain data dependent.
USD/CHF rose to the 0.9385 area only to fall to a fresh low of 0.9335 in the subsequent minutes. At time of writing, the pair is trading at the 0.9360 area, roughly at the same level it was before the minutes and just a few pips below its opening price.