EUR/CHF (EURCHF=X)
| Previous Close | 1.0034 |
| Open | 1.0037 |
| Bid | 1.0032 |
| Day's Range | 1.0024 - 1.0041 |
| 52 Week Range | 0.9429 - 1.0611 |
| Ask | 1.0033 |
- Investing.com
Dollar Hands Back Some Gains; Nears One-Week Low
The U.S. dollar edged lower in early European trade Tuesday, moving close to a one-week low, as traders eased expectations that the U.S. Federal Reserve will hike by a full percentage point this month. The dollar has been gradually retreating from its multi-year high as expectations of a super-sized tightening by the Fed at the end of July have been reined in, especially after two of the most hawkish FOMC members – James Bullard and Chris Waller – said that their base case was still a 75 basis point move. “We doubt that between now and the 27 July FOMC meeting, markets will seriously reconsider a 100bp increase; first, because the Committee has entered its blackout period, and there are therefore no speakers until next week and second, because the U.S .data flow is set to be mostly second-tier this week,” said analysts at ING, in a note.
- FX Empire
Basics of Forex Trading – Part 1
Newcomers must learn the unique language and dynamics of the forex market to beat the odds and become successful currency traders. What is the forex market? Why is it a great market to trade? What is a currency pair and how it is read? What are the major terms and concepts that forex traders need to learn?
