Forex: USD/CHF falls to 0.9300
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USD/CHF
FXstreet.com (Barcelona) - The USDCHF was pressing harder to extend its decline below 0.9314 (Thursday's low), after already being in decline from 0.9376 high. The greenback gave in further to risk sentiment and allowed the USDCHF to reach the 0.9300 psychological level before a slight bounce.
Greece is the main attraction of today's headlines in Europe, as the Eurogroup tries to solve the tricky situation their in ahead of important meetings in November. At 13:00 GMT, the annualized S&P/Case-Shiller Home Prices Indices have risen from 1.2% to 2.0% in August, beating the 1.9% consensus.
"USDCHF is consolidating at its 200 day ma at 0.9390 and while this may well provoke some consolidation, we continue to view the pattern as a potential base slightly longer term", wrote Commerzbank analyst Karen Jones, expecting supports at 0.9291 and 0.9250 ahead of 0.9215/07 on dips lower.
Greece is the main attraction of today's headlines in Europe, as the Eurogroup tries to solve the tricky situation their in ahead of important meetings in November. At 13:00 GMT, the annualized S&P/Case-Shiller Home Prices Indices have risen from 1.2% to 2.0% in August, beating the 1.9% consensus.
"USDCHF is consolidating at its 200 day ma at 0.9390 and while this may well provoke some consolidation, we continue to view the pattern as a potential base slightly longer term", wrote Commerzbank analyst Karen Jones, expecting supports at 0.9291 and 0.9250 ahead of 0.9215/07 on dips lower.
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