Forex

FX closing ranges for the week: USD/CHF continues to bleed


The Good Friday vacation ensured it might be a quieter day than most this yr but it surely wasn’t precisely quiet within the FX market. There have been some respectable strikes on the day on Friday and the overall theme remained USD promoting.

The brunt of it got here through USD/CHF, which dropped one other 35 pips. The pair is in the midst of the weekly vary after hitting a 10-year low final Friday. It is consolidating simply off these lows and the dearth of a bounce is not precisely inspiring.

There are some hopes for progress in some US commerce negotiations over the lengthy weekend so preserve a watch out for information.

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Adam Button
Adam Button

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