EUR/USD to rise to 1.1400 as GBP/USD lifts to 1.2900 by year-end – Westpac
Around the turn of the year, the US Dollar (USD) tested lower but has since reversed.
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Around the turn of the year, the US Dollar (USD) tested lower but has since reversed.
The USD/CHF tipped into a fresh eight-week high above 0.8700 after a hot US Consumer Price Index (CPI) print sent markets piling back into the safe haven US Dollar (USD), while the Swiss Franc (CHF) got pummeled after Swiss CPI inflation came in below expectations.
USD/CHF retraces its recent losses as the US Dollar (USD) strengthens amid heightened geopolitical tensions in the Middle East, edging higher to around 0.8740 during Friday's Asian market session.
USD/CHF recovers its losses amid a subdued US Dollar, edging higher to near 0.8700 during the early European hours on Wednesday.