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USD/CHF drops further, eyes 0.9500

FXStreet (Córdoba) - USD/CHF broke below 0.9600 and slipped further hitting a fresh daily low at 0.9536. At the moment the pair trades around 0.9550, down 1.70% for the day.

The Swiss franc is among the best performers across the board on Thursday, recovering after dropping sharply yesterday, affected by the announcement made by the Swiss National Bank (SNB) that more deposits were affected by negative rates.

The pair has erased most of yesterday’s gains and is back at the same level it had at the beginning of the week, after making an important reversal from today's daily high at 0.9719, from where it has fallen more than 150 pips.

USD/CHF approaches key support

The decline from levels on top of 0.9700 brought the price near a key short term support level located around 0.9500 . The mentioned area capped the delicate everyday since last Friday.

CAD hinges on oil, USD and Fed – Scotiabank

In the view of Camilla Sutton, Chief FX Strategist at Scotiabank, the immediate drivers for the Canadian dollar remain the USD, the Fed and crude oil prices...
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AUD/USD: Spiking between key levels

AUD/USD is currently trading at 0.7779 with a high of 0.7790 and a low of 0.7709.
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