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Swiss Franc Once again, EUR/CHF reverses in the middle of the week. A part from technical reasons, the weak French CPI (+0.4% YoY) and Italian CPI (-0.2% YoY) exercised downwards pressure on the euro. Click to enlarge. FX Rates The US dollar has found steadier footing today after trading heavily yesterday. There are two main themes. The first is sterling’s heavy tone. After closing the North American session...
Read More »FX Daily, August 11: Sterling Struggles to Find a Bid, While RBNZ Can’t Knock Kiwi Down
