191 days ago • Posted by Ajmir Omid

#USDCHF on the rise due to US interest rates #Forex  #GDP

The USDCHF continues its rally over the past 3 days, up 0.5% today due to an increase in US interest rates and a softer Swiss GDP print. Additionally, with Canadian GDP wildly exceeding growth expectations (2.9% actual vs 1.5% expected), the market assumes that the same will occur in the US when the figures are released tomorrow.