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USD/CHF hits best level since Aug 2010
The stellar US October jobs report and continued hawkish talk from the US Federal Reserve, combined with dovish central banks elsewhere has seen the dollar rise strongly this month. The Dollar Index has now climbed back to the 100 level and the EUR/USD is hovering just above the lows hit earlier this year. But it is not just the euro that the greenback has crushed. The GBP/USD is now just shy of the 1.50 handle and the USD/CHF has hit a fresh multi-year high today. Odds of a Federal Reserve rate increase in December are holding about 70% at the moment. If next week’s US data, including the November jobs report, ... (full story)