TheNews

Fridays U.S. CPI beat reignited dollar bets causing USD/CHF to test May swing highs. Currently the Swiss National Bank (SNB) has adopted a fairly neutral/dovish approach but with inflation rising above 2% in May, money markets are looking to a potential rate hike this coming week with roughly 20bps priced in at the moment. The daily price is breaking 0.9817 resistance level to above for the primary bullish trend to be continuing.

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