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USDCHF Technical Analysis: The pair is trading between two key trendlines
The USD has strengthened since Friday as Treasury yields bounced following some positive Trump’s comments on China. Overall, the US dollar performance has been mixed as markets have been driven by quick changes in risk sentiment given the lack of US data. On the domestic side, the US government shutdown continues to delay many key US economic reports. Tomorrow though, we will get the US CPI data since it’s crucial for social security benefits adjustment required by November. The dollar “repricing trade” needs strong US data to keep going, especially on the labour market side, so any hiccup on that front ... (full story)