Dollar attempted for a rally overnight after hawkish comments from Fed Chair Jerome Powell, but momentum quickly faded. Instead, the greenback was dragged down by extended weakness in benchmark treasury yields. Overall market sentiment is stable in Asian session, helping commodity currencies rebound. Aussie is additionally lifted by better than expected GDP data. But then,
Month: December 2021
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USD/CHF struggles to keep the first daily gains in four around three-week low. Short-term falling channel, 100-SMA challenge bulls amid sluggish Momentum. Fresh declines eye 0.9140-45 support confluence, further weakness will have a bumpy road. USD/CHF fades bounce off three-week low to revisit 0.9200 amid early Wednesday. The Swiss currency (CHF) pair drops during the