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18 Dec 2013
USD/CHF wavers after Fed taper
FXstreet.com (Córdoba) - The USD/CHF rallied to fresh daily highs only to quickly give up gains in the aftermath of the Fed decision to taper its bond-buying program by $10 billion.
The USD/CHF rose to a high of 0.8910 on the announcement amid broad USD strength but then fell all the way back to 0.8840 as markets assess the decision given that only a few were anticipating this outcome at this point. At time of writing, the USD/CHF is trading at the 0.8865 zone, still 0.2% above its opening price.
The USD/CHF however, remains vulnerable near its 2-year low of 0.8831 scored yesterday.
The USD/CHF rose to a high of 0.8910 on the announcement amid broad USD strength but then fell all the way back to 0.8840 as markets assess the decision given that only a few were anticipating this outcome at this point. At time of writing, the USD/CHF is trading at the 0.8865 zone, still 0.2% above its opening price.
The USD/CHF however, remains vulnerable near its 2-year low of 0.8831 scored yesterday.