US inflation came in lower than expected at 7.7%, the smallest rise since January. Markets have now forecasted an 85% possibility of a modest 50 basis-point interest rate increase. The SNB stated that its monetary policy decisions were not based exclusively on its inflation forecast. Today’s USD/CHF price analysis is bearish, fueled by dollar weakness. … Continued
The post USD/CHF Price Analysis: Cooling Inflation Pours Water on Dollar appeared first on Forex Crunch.
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