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USD/CHF climbs to 0.9070

FXStreet (Córdoba) - The USD/CHF reached a fresh daily high during the American session at 0.9070 and currently trades at 0.9066, up 0.10% from today’s opening price.

After the beginning of the week the pair bottomed at 0.9045 and then bounced to the upside, but price action remained limited all day so far, moving inside friday’s range.

The US dollar continues to move with an upside bias in the short term but the rally found resistance around 0.9100 and after the release of the US employment report last Friday, the USD/CHF pulled back, making the strongest bearsih correction since last June.

The USD breaking out on positive US outlook - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted that there are unambiguous signs that after recovering from the contractionary fluke in Q1, the US economic momentum has carried into Q3.
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USD/JPY bulls suffering the pain below pivot

USD/JPY is trading at 102.47, down -0.14% on the day, having posted a daily high at 102.74 and low at 102.41.
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