For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.9790. On the data front, Switzerland's trade surplus unexpectedly narrowed to CHF1.8 billion in March, confounding market expectations for it to widen to 3.2 billion and compared to a surplus of 3.1 billion in the …
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Spot yuan trade kept to a tight range of around 50 pips. Some traders said they had expected the dollar to continue its rising trend, but its consolidation in morning trade sidelined yuan investors and discouraged them from testing lows in the Chinese currency. Ken Cheung, senior Asian FX strategist at …
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Weaker-than-expected wage growth and inflation data and comments last week from the Bank of England that sowed doubt over a May interest rate hike triggered a selloff in sterling which slid to its lowest since mid-March in early trading. But the currency jumped on Tuesday after Japan's Takeda …
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FX TALKING POINTS: … NZD/USD stands at risk for further losses as the10-year U.S. Treasury Yields spikes above the 3.00% mark for the first time since 2014, and the pair appears to be on course to test the 2018-low (0.7073) as … Want to know what other currency pairs the DailyFX team is watching?
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