Dollar Versus Franc and Pound January 10th

FX Strategy Video > Currency Pairs Analysis

USD/CHF fell during the Monday session that saw the Chairman of the Swiss National Bank resign as the recent scandal involving his wife using him for trading signals comes to light. At first, traders bought the Franc in general as they thought the "floor" was going to disappear. USD/CHF was the only pair that trade stuck in - for other reasons.

GBP/USD bounced a bit form the bottom of the recent consolidation range as the lows held again. However, the highs are getting lower - are we getting close to a break down?

Published on 9th of January 2012
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