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19 Nov 2014
USD/CHF rebounds sharply at 0.9530
FXStreet (Córdoba) - USD/CHF dropped to 0.9530 after the release of the FOMC minutes reaching the lowest price in three weeks but then rebounded and rose quickly more than 50 pips in a few minutes from the lows and climbed to 0.9590.
The pair is approaching daily highs that lie at 0.9600, after erasing gains as it currently trades at 0.9585, the same level it closed yesterday.
USD falls, then rises following FOMC minutes
Initially greenback weakened in the market but the gained momentum with USD/JPY hitting 118.00 and climbed to fresh highs against the aussie and trimmed losses versus European currencies.
Fed’s minutes showed no major changes. Expectations about the course of the monetary policy in the US were unchanged after the release of the document. Officials debated during the latest FOMC meeting about the language and about how to present its economic projections but made no decision. Regarding the global slowdown, they saw limited impact to economic growth in the US.
The pair is approaching daily highs that lie at 0.9600, after erasing gains as it currently trades at 0.9585, the same level it closed yesterday.
USD falls, then rises following FOMC minutes
Initially greenback weakened in the market but the gained momentum with USD/JPY hitting 118.00 and climbed to fresh highs against the aussie and trimmed losses versus European currencies.
Fed’s minutes showed no major changes. Expectations about the course of the monetary policy in the US were unchanged after the release of the document. Officials debated during the latest FOMC meeting about the language and about how to present its economic projections but made no decision. Regarding the global slowdown, they saw limited impact to economic growth in the US.