FlowBank

374 days ago • Posted by Paul de La Baume

Strong #Dollar Challenges even the #Swiss Franc  #forex #trading #stocks #markets $SPY $QQQ

The recent solid US retail sales, jobs figures, and elevated inflation data (CPI, PPI) are pushing the dollar up. Treasury yields are now 4.6% for the 2-year and 3.9% for the 10-year. That's adding volatility (VIX +15% today) to markets: stocks but also FX and commodities (Oil -3.3% today). Looking at the Dollar-Swiss franc, it has started to weaken again versus the dollar. Technicals point to ∼0.94 as the next resistance.

#Forex
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