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USD/CHF clinging to resistance

FXstreet.com (New York) - The USD/CHF foreign exchange rate has eased off of earlier highs, which capped the rise at 0.9362 during European trading Thursday.

USD/CHF clinging to resistance

Following a general easing, the USD/CHF still clings to the majority of its gains on the day at 0.9334, recording a steadfast rise of +0.52%. At the time of writing, the pair still is trading at resistance at 0.9331, with additional means lying higher at 0.9339 and 0.9476, notes the Mataf.net analyst team.

USD/CHF driven by central banks

After yesterdays FOMC insights, the USD/CHF received a massive influx of trading, however this action was not limited to simply the Fed. Earlier today the SNB Interest Rate Decision was held at 0.0%, which held in line with expectations of 0.0%, offering little surprises to investors.

USD/JPY failing and turns south

USD/JPY had remained well bid in the opening of the European session but has since shed some 60 pips to the downside.
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Commodities Brief – Gold breaches 1300, silver falls below 20.00 support

Precious metals were roiled yesterday following the Fed announcement and subsequent initiative that will see an end of bond-buying in the near-future.
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